The CMFA Issues $8,000,000 in Tax-Exempt Financing for the Manzanita Place Apartments

Volunteers of America National Services is one of the nation’s largest nonprofit providers of quality, affordable housing for low and moderate-income households. They create and manage housing for the homeless, families with children, the elderly, and people with disabilities, including physical and mental disabilities

This financing, issued by the CMFA enabled VOA to rehabilitate a 63-unit, affordable senior multi-family housing development known as Manzanita Place Apartments. It was constructed in 1990 as Section 202 housing for the elderly and benefits from a HAP contract on 100% of the units. Each unit will receive new interior paint. New refrigerators, ranges, and microwaves will be installed in every unit. This project is located at 1019 Madden Lane, Roseville, California. This financing will continue to preserve 62 units of affordable housing for senior households in the City of Roseville for another 55 years.

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