Poplar Place
Overview
| Deal Type |
Low Income Housing Tax Credits |
|---|---|
| Size |
$22.1M Loan & LIHTC |
Summary
Key Community Development Lending & Investment (CDLI) provided financing for the new construction of Poplar Place, a 36-unit, affordable housing project in Wasco, CA. The property will serve low-income families and farmworkers at or below 30% - 60% of AMI. Supportive services will be provided at no charge by the Central Valley Coalition for Affordable Housing (CVCAH) and will focus on life skills training, education, and other services that meet the needs of the residents. We want to thank Pacific West Communities Inc. for their partnership and shared mission to build much-needed affordable housing in Wasco, CA.
The financing included a $9.5 million construction loan and a $2.2 million permanent loan, and $11 million in tax credit equity.
