The CMFA Completes the Issuance of $33,091,000 in Bonds for Parkside Villa & Rockwell Manor Apartments
Parkside Villa Apartments & Rockwell Manor Apartments is an existing scattered-site project located in the City of Fairfield on two parcels with a combined area of 7.27 acres. The project consists of 116 restricted rental units, 10 market rate units and 2 unrestricted manager units distributed as 88 two-bedroom units and 40 three-bedroom units. Building exterior renovations will include new roof, window and sliding door replacement, new entry doors and hardware, and fresh paint. Interior renovations will include upgrades to the laundry facilities, leasing office and fitness/business center. Individual units will be updated with new heating/AC units, new water heaters, electrical upgrades, new flooring and window coverings, new kitchen appliances, new kitchen and bathroom cabinets, countertops, plumbing fixtures, and fresh paint. Site area renovations will include new fencing and lighting, sidewalk repairs, asphalt sealing and re-striping, and improvements to the landscaping and signage. The rehabilitation is expected to begin in April 2019 and be completed in December 2019. The financing of this project will result in preserving affordable housing for 116 low-income households in the City of Fairfield for another 55 years.