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The CMFA Works with People’s Self Help Housing Corporation to Finance Affordable Housing with Tax-Exempt Financing

Peoples’ Self-Help Housing (“PSHH”) is a national award-winning nonprofit organization that creates affordable housing and self-sufficiency programs on California’s Central Coast; San Luis Obispo, Santa Barbara, and Ventura Counties.

The bond proceeds will be used to finance the Village at Los Carneros development. Village at Los Carneros is a new construction project with 70-units of permanently affordable multi-family rental apartments, located in Goleta California. The Village at Los Carneros design consists of 4 three-story residential buildings with elevator service and includes 14 one-bedroom units, 25 two-bedroom units, and 30 three-bedroom units. One two-bedroom unit of the development is dedicated as residence for an onsite property manager. This financing will create 69 units of high quality, affordable housing for households in the City of Goleta for the next 55 years.

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