The CMFA Issues $50,621,298 in Tax-Exempt Bonds for the Charles Apartments & Cypress Gardens Apartments Project

The project will consist of the acquisition/rehabilitation of an existing 201-unit scattered site project. The project will be composed of the 105-unit Charles Apartments located at 3109 Seacrest Avenue, Marina, California and the 96-unit Cypress Gardens located at 3135 Seacrest Avenue, Marina, California. The two projects will be combined into one scattered-site bond and tax credit project. The planned renovations will improve the aesthetics and sustainability of the property by addressing all urgent building issues, completing comprehensive interior and exterior renovations and creating a more sustainable property. Improvements will also be made to ensure tenant safety and

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