The CMFA Completed the issuance of $5,700,000 in Bonds for Madera Vista Phase 3 Apartments
Bridge Housing chose the CMFA as Issuer of tax-exempt bonds to construct a new affordable housing project. The Madera Vista Phase 3 Apartments project is a new construction development of a 30-unit multifamily apartment project that is the third phase of a 110-unit affordable housing community located at 44155 Margarita Road, Temecula, California. Residents of Madera Vista Phase 3 will be able to use all of the amenities located in Phase 1 and/or Phase 2 including two community buildings, two swimming pools, a hot tub, central laundry facility, basketball court, bocce ball and open picnic area. The financing of this project will result in creation of affordable housing for 29 families in the City of Temecula for 55 years.