The CMFA Finances Drasnin Manor for East Bay Asian Local Development

The CMFA recently completed a $4,500,000 tax-exempt financing for East Bay Asian Local Development Corporation.  Proceeds from the bonds will be used to acquire and refurbish a multifamily rental housing project in the City of Oakland, California.  The project known as Drasnin Manor will consist of 26 one, two and three-bedroom units that will provide quality housing for low and very low income residents.

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