The CMFA issues $7,000,000 in Bonds to Jamboree Housing Corporation for the Briar Crest and Rosecrest Apartments located in Garden Grove, California
The Briar Crest and Rosecrest Apartments is an acquisition/rehabilitation project consisting of a 41-unit multifamily rental housing project that was constructed in 1962 located in Garden Grove, California. The project will include the rehabilitation of the two existing structures. The units will be restricted to households with incomes no greater than 60% of the Area Median Income. The financing of this project will result in continuing to provide affordable housing for 40 families in the City of Garden Grove for another 55 years.