It includes a swimming pool, spa, grilling area, clubhouse, fitness center, and playground.ĬSCDA partnered with the city of Santa Rosa and others for the acquisition of the properties and issuance of bonds. Vineyard Gardens Apartments - constructed in 1987 - is a 180-unit multifamily residential rental community. The California Statewide Communities Development Authority also issued $89,430,000 in tax-exempt Essential Housing Revenue Bonds to acquire Vineyard Gardens Apartments, located in Santa Rosa. Studio, one-, and two-bedroom units will be restricted for households earning less than 80%, 100%, and 120% of the area median income. The joint powers authority partnered with the city of Pasadena and others for the acquisition of the properties and issuance of bonds. Constructed in 2020, the 105-unit multifamily residential community includes a swimming pool, spa, fitness center, office space, rooftop sundecks, lounge, rooftop dog park, barbecue lounge, open-air lounge, bike storage, and other amenities. All units will be converted and restricted to low and middle-income tenants. About Theo ApartmentsĬSCDA issued $81,065,000 in tax-exempt Essential Housing Revenue Bonds to acquire Theo Apartments in Pasadena, the city’s fourth approved project under the program. Collectively, the four issuances total $409,125,000. The California Statewide Communities Development Authority (CSCDA) recently issued tax-exempt bonds to acquire or finance housing throughout California, including affordable housing in EL Cajon. More than 530 cities, counties, and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently financed, locally-approved projects.
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