Low Cost, Tax-Exempt Financing Provided for Casa Montego Apartments
The Casa Montego Apartments is an acquisition/ rehabilitation of an existing 80-unit affordable multi-family senior housing development. The project accommodates senior households with unit sizes of studio- and one-bedroom located at 1485 Montego Street, CA.
The scope of renovation includes replacing all kitchen cabinets and countertops, sinks, and faucets. Appliances and oven hoods will be replaced. New energy efficient hot water heaters will be provided. The common area forced air unit will also be replaced. The bathroom and kitchens will receive new flooring. Vanities, sinks, faucets, bath fans and floors will also be replaced. All the common areas will receive new carpet and flooring, new paint and new furniture where needed. All path of travel and common areas will receive full ADA upgrades. The parking lot will be repaired and resurfaced. The landscaping and outdoor sitting areas will be upgraded and modernized with new flatwork, plantings, irrigation, and play equipment. Siding and windows will be replaced. Roofs will be repaired and replaced and the entire project will be painted. This financing will preserve 79 units of senior affordable housing for the City of Walnut Creek for another 55 years.