• detail image of project

    $820,000 in Funding Helps Expand Affordable Housing Opportunities to Low-Income Individuals and Families

  • detail image of project

    $820,000 in Funding Helps Expand Affordable Housing Opportunities to Low-Income Individuals and Families

  • detail image of project

    $820,000 in Funding Helps Expand Affordable Housing Opportunities to Low-Income Individuals and Families

Eastpointe Village – San Bernardino, CA

Eastpointe Village Affordable Housing is a project organized by Mary Erickson Affordable Housing (MECH). MECH is a nonprofit organization that provides affordable housing while promoting the well-being of working families in Southern California. In addition to this affordable housing, MECH provides Life Skills and Teen Forward programs that promote self-sufficiency and a progressive lifestyle to working class families in their neighborhood.

Clearinghouse CDFI provided $820,000 in funding for the reimbursable fees, costs, and reserves MECH requires to pay the City of San Bernardino for future predevelopment of the Eastpointe Village project.

The Eastpointe Village project will provide 52-units of low-income multifamily housing in San Bernardino. This housing will create stability, safety, and value within the neighborhood.

Download the PDF: Just Funded – Eastpointe Village

100% of these apartments are targeted for very low income households (50% AMI). Mary Erickson Community Housing is working with the City on potentially developing additional lots within the neighborhood into homeownership opportunities further redeveloping the neighborhood. We are very grateful to Clearinghouse CDFI for providing us with a 25-year term allowing for long-term stability to the development.
- Susan McDevitt, Executive Director, Mary Erickson Community Housing
Financing Provided:
$820,000 Loan
Location:
San Bernardino, CA
Impact:
52-units of low-income multifamily housing that provides stability, safety, and value in the neighborhood
Purpose:
Funding for the reimbursable fees, costs, and reserves MECH requires to pay the City of San Bernardino for future predevelopment
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