The CMFA issues $6,500,000 in Bonds to The Pacific Companies, Inc. for the Terracina Oaks II Apartments in Greenfield, California
The Terracina Oaks II Apartments project is a new construction project located on a 2.9-acre piece of land located in Greenfield, California. The development will consist of six residential buildings. There will be 48 units with a unit mix of 24 two-bedroom units and 24 three-bedroom units. The project will target households earning up to 60% of area median income. For the benefit and welfare of its residents, the project will share a 2,469 square foot community building with the adjacent Phase 1 of the development (Terracina Oaks Apartments). The Terracina Oaks II Apartments will provide quality, affordable housing for 47 families living in the City of Greenfield for the next 55 years.