KeyBank Community Development Lending and Investment (CDLI) provided $66.4 million of financing to Pacific West Communities, a leading developer and manager of affordable multifamily communities throughout the western states, with a special focus on California. According to the press release, CDLI provided $44.2 million of financing to fund the new construction of River Oaks Family Apartments, a 48-unit affordable housing development in Plumas Lake, California that will serve low-income families at 30, 40, 50 and 55 percent of Area Median Income in a mix of two- and three-bedroom units.
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