The CMFA & PEP Housing Partner to Bring Senior Affordable Housing to Petaluma, CA
Petaluma Ecumenical Properties (PEP Housing) is a community-based, non-profit corporation. PEP Housing is dedicated to providing low-income seniors with quality affordable housing, housing support services, and advocacy. Recently non-profit selected the CMFA as their Issuer of low cost, tax-exempt bonds. Proceeds of the bonds will be used to finance the construction of an independent senior living complex. The proposed project will consist of 49 one-bedroom apartments and will be offered to seniors having less than 50% of AMI.