NEW YORK: The hundred and ninety-eighth entry for the seniors housing Global Award for 2015 has been received.
The Community Development Trust (CDT), a US national private real estate investment group, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.
The first $20 million investment covers eight first mortgages on Low Income Housing Tax Credit properties (LIHTC). The properties are located throughout six cities, including two properties totaling 82 units in Los Angeles, one property with 50 units in San Diego, one property with 74 units in Fresno and units in Manteca and San Juan Capistrano.
