The CMFA Issues $33,172,838 in Low Cost, Tax-Exempt Financing for Coliseum Place Apartments
The Coliseum Place Apartments is a new construction project located in Oakland on a 0.47-acre site. The project consists of 58 restricted rental units, and 1 unrestricted manager unit. The project will have 11 one-bedroom units, 28 two-bedroom units, and 20 three-bedroom units. The building will be 6 stories. Common amenities include a large community room with a common kitchen, a lobby, property management offices, and resident services offices. Each unit will have a refrigerator and range. There are 27 parking spaces provided. The construction is expected to begin November 2019 and be completed March 2021.This development will provide the City of Oakland with 58 much needed units of affordable housing for the next 55 years.