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The CMFA Completes a $7,000,000 Financing for the Walnut Place Apartments

The Walnut Place Apartments is an acquisition/rehabilitation of a 25-unit affordable senior housing project. The project is made up of 25 units with a mix of studio and 1-bedroom units, as well as a 2-bedroom manager’s unit. The property is located across the street from the West Marin Medical Clinic and within walking distance of local shopping. The project was built in 1985 and is in need of rehabilitation. Among the improvements to the property will be significant upgrades to the accessibility features in and outside the building. Sustainable and “green” materials will be incorporated into the rehab scope providing beneficial cost savings to the property’s operating costs and reduction in environmental pollution. This financing will help preserve high quality affordable housing for 24 senior households in the County of Marin for another 55 years.

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