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Wasatch Properties to Purchase and Rehabilitate 250 Affordable Apartments in Oakland through Low-cost Financing Secured Through the CMFA

The CMFA recently closed a $26,200,000 financing for Wasatch Properties.  Proceeds from the low-cost financing will be used to acquire and rehabilitate Piedmont Apartments located in the City of Oakland, CA.  The project will include a mix of studios and one-bedroom units for residents earning at or below 50% and 60% of Area Median Income.

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