The CMFA & Jamboree Housing Corporation Work Together to Preserve Affordable Housing for Families in Solano County

Recently the CMFA assisted Irvine-based Jamboree Housing with the acquisition and rehabilitation of the Monument Arms Apartments. The project is located at 261 Alaska Avenue, Fairfield, California and serves families earning up to 60% of Area Median Income. The tax-exempt bonds will allow for the renovation of the 14 two-story garden style apartment buildings.  Bond proceeds will be spent on renovating each of the units including installing new kitchen cabinets, countertops. In addition each of the 14 buildings will receive fresh paint, new roofs and energy efficient features that will result in a 10% reduction of energy usage overall. The acquisition and rehabilitation of this project will provide 92 families with affordable housing in Solano County for another 55 years.

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