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Vitus Development Partners with the CMFA on San Luis Obispo Property

Vitus Development is a developer of smart affordable housing and a catalyst for community revitalization. They work with public and private sector partners to develop quality projects that strengthen neighborhoods and provide housing that families and individuals can feel proud to call home. The Madonna Road Apartment project is an acquisition/ rehabilitation of an existing apartment complex in San Luis Obispo, California.  Recently, Vitus Development selected the CMFA for this project.  Proceeds from the low-cost bonds will be used to acquire and complete the rehabilitation of 119 units which will serve both families and seniors with extremely low to very low incomes.

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