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Long-planned development for seniors and vets opens in Northern California
6/8/2018

AFFORDABLE HOUSING FINANCE --- Perseverance was the special ingredient behind the 85-unit Tabora Gardens Senior Apartments in Antioch, Calif. Sticking with the project for more than a decade, Satellite Affordable Housing Associates (SAHA) recently opened the long-anticipated development for seniors earning between 20% and 50% of the area median income. Thirty-four of the initial residents are veterans. It was a long haul as the development team worked to assemble the necessary funding for the approximately $33.7 million development. The project originally started out as a federal Sec. 202 development, but the deal had to be restructured when funding for that program was cut. SAHA also applied five times for low-income housing tax credits (LIHTCs).

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Long-planned development for seniors and vets opens in Northern California