COMMERCIAL REAL ESTATE
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CT/KDF Community Development Partners, continued ...
With the new infusion of capital, buyers have begun to move in. The
financing will also enable payment to more than 40 contractors and
vendors affiliated with the project.
CT/KDF received $90 million
in late 2006 from the Community Development Financial Institutions Fund
(CDFI) of the U.S. Treasury Department for investment in distressed
areas in Southern California.
“Using the New Markets Tax
Credits, we can stabilize the projects and complete the necessary
improvements for these properties, which will help to revitalize their
neighborhoods,” says Cambell.
“The Raymond Renaissance is truly
a gem in Downtown Pasadena, and many condo buyers have been anxiously
awaiting completion of the project so they can move into their homes,”
says Sarah Woodward, CT/KDF partner. “I’m proud to have the NMTC funds
to use as a vehicle to see this project through to success.
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CT/KDF Community Development Partners, continued ...
With the new infusion of capital, buyers have begun to move in. The
financing will also enable payment to more than 40 contractors and
vendors affiliated with the project.CT/KDF received $90 million in late 2006 from the Community Development Financial Institutions Fund (CDFI) of the U.S. Treasury Department for investment in distressed areas in Southern California.
“Using the New Markets Tax Credits, we can stabilize the projects and complete the necessary improvements for these properties, which will help to revitalize their neighborhoods,” says Cambell.
“The Raymond Renaissance is truly a gem in Downtown Pasadena, and many condo buyers have been anxiously awaiting completion of the project so they can move into their homes,” says Sarah Woodward, CT/KDF partner. “I’m proud to have the NMTC funds to use as a vehicle to see this project through to success.
<< PREVIOUS PAGE
Related headlines
Voit Real Estate tops local industrial deals
Laguna Niguel's Raintree Partners makes $21 million acquisition
Trumark Cos. moves forward with plans for new-home project in Brea
Anaheim's Harbor Lofts auction is Dec. 1
