Vitus Group Partners with th
National leader in the redevelopment of preservation projects, Vitus Group develops affordable housing projects throughout the United States, with an emphasis on preservation of federally-subsidized projects. Vitus Group focuses in areas where existing affordable housing faces pressure from market forces. Recently, the CMFA closed a $40.0 million tax-exempt financing project for the Vitus Group. Proceeds will be used to acquire and rehabilitate 448 existing affordable apartment units in San Diego, California. The project known as Meadowbrook Apartments was originally built in 1969. Renovation of the Project includes general improvements to the site area and building exterior, new roofing, new windows, and an updated centrally monitored security system. The rental units themselves will receive new kitchen cabinets and countertops, upgraded appliances to meet Energy Star standards, renovation of bathrooms, and new flooring.