• detail image of project

    $6M in Financing to Provide Affordable Housing Opportunities to Low Moderate Income Families

  • detail image of project

    Historic Buildings from the 1910s to be Rehabbed and Included in in $6M Project

  • detail image of project

    Historic Buildings from the 1910s to be Rehabbed and Included in in $6M Project

Napa Community Real Estate Fund – Napa, CA

Clearinghouse CDFI provided $6,000,000 in financing for the acquisition of a vacant site that will be developed into approximately 140-units of affordable housing in Napa, California.

Napa Community Real Estate Fund LP brings together a team of people each with extensive experience in their field. Charles Loveman, the executive director of Housing Partners (HHP), a nonprofit housing developer, brings over 20 years of affordable housing development experience. Richard Lura has over 25 years as a general contractor and builder of housing throughout California. Michael Williamson is a partner with Buchalter Nemer in Los Angeles and serves on the board of HHP. Mr. Williamson has long been passionate about affordable housing.

The renovated units will contain a mix of stacked flats, market rate courtyard housing, historic buildings, and single-family homes. The stacked flat units will contain 60 to 75 units, of which 23 will be affordable to families with incomes of 70% AMI or less and the remainder will be to families with incomes of 80% AMI of less.


Download the PDF: Just Funded – Napa Community Real Estate Fund

21CA-4804

Financing Provided:
$6,000,000 Commercial Real Estate Financing
Location:
Napa, CA
Impact:
- Renovation for 23 Units of Affordable Housing
- Housing for Families with Incomes of <80% AMI
Purpose:
Financing for Acquisition and Development of Vacant Site into Affordable Housing
Year Funded:
2021
Read more stories