CMFA Issues Tax-Exempt Financing for Arroyo Del Camino II Apartments

Arroyo Del Camino II Apartments is a new construction project located in Avenal on a 2.04-acre site. The project consists of 36 restricted rental units. The project will have 24 two-bedroom units and 12 three-bedroom units. The buildings will be two-story garden style apartments and the type of construction will be wood frame supported by perimeter foundations with concrete slab flooring. Common amenities include a children’s playground, covered picnic area and a centralized open space. The project will share a large community building with Arroyo Del Camino Phase I. The building includes an office, computer learning center, laundry facilities, community room and a kitchen. Each unit will have a refrigerator, dishwasher, garbage disposal, range with oven, covered patio or balcony with storage and washer/dryer hook-ups. Covered parking spaces will be provided. The construction is expected to begin in August 2018 and be completed in August 2019.This development will provide the City of Avenal with 36 much needed units of affordable housing for the next 55 years.

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