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  • detail image of project

    CCDFI provided a $3.2 million loan for Juan Garcia Apartments to refinance an affordable, 52-unit apartment building.

  • detail image of project

    CCDFI’s loan will allow Juan Garcia Gardens to maintain the affordability of all 52 units for the next 32 years

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Juan Garcia Gardens

Juan Garcia Gardens is a multi-family affordable apartment complex operated by the Community Development Programs Center of Nevada—a nonprofit that provides affordable housing throughout the state. Juan Garcia Gardens offers an affordable housing solution for low-income individuals and families in the Las Vegas Valley

Clearinghouse CDFI provided $3.2 million in refinancing for Community Development Programs Center of Nevada to refinance with a lower rate and a five year term.

Clearinghouse CDFI’s loan will allow Juan Garcia Gardens to maintain the affordability of all 52 apartment units for the next 32 years. This includes affordable units designated for residents earning between 30%-60% AMI.

Download the PDF: Just Funded – Juan Garcia Gardens

Financing Provided:
$3.2 Million Loan
Location:
Las Vegas, NV
Impact:
Maintain the affordability of all 52 units for the next 32 years
Purpose:
$3.2 Million for Affordable, Multi-Family Housing
Year Funded:
2020
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