EAH Inc. to Benefit Marin County’s Low Income Residents

The Mackey Terrace Apartments is an acquisition/rehabilitation of a 50-unit affordable senior housing project. The project is made up of 49 units with a mix of studio and 1-bedroom units and a 2-bedroom manager’s unit. The property was built in 1992 with a HUD 202 Direct Loan. HUD has provided a HAP Contract that provides rent subsidy to all 49 residential units. The property is located within a residential area with shopping and transportation close by. Among the improvements to the property will be significant upgrades to the accessibility features in and outside the building. Sustainable and “green” materials will be incorporated into the rehab scope providing beneficial cost savings to the property’s operating costs and reduction in environmental pollution. This financing will help preserve high quality affordable housing for 49 senior households in the City of Novato for another 55 years.

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