KeyBank Community Development Lending and Investment provided a $25.9 million loan to finance construction of an affordable housing development in Compton, CA. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group to develop the 75-unit community consisting of studios and one- and two-bedroom units, all of which will be rent restricted at or below 50 percent of the area median income. Additional low-income housing tax credit equity and Freddie Mac permanent financing were secured from Walker & Dunlop.
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