Loan Amount: $6,416,000
Developer: Cesar Chavez Foundation
The Villa Pena Apartments is a proposed 80-unit multifamily development providing 80 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring one, two, and three-bedroom units in three buildings. It targets low-income families, offering continuing adult education and supportive services free of charge. The property is unique for its integration with Cesar Chavez Foundation programs, enhancing community and resident success.
Units: 80