July 9, 2025 - 08:12
Financing has been secured for the development of a 111-unit affordable housing community in Oceanside, California. A major financial institution has announced the provision of a $32 million tax-exempt construction loan alongside a $15 million taxable construction loan to support the construction of the El Camino Real Apartments.
This project aims to address the pressing need for affordable housing in the region, providing much-needed homes for families and individuals. In addition to the construction loans, a $27.8 million permanent loan will also be part of the financing structure, ensuring the long-term sustainability of the development.
The El Camino Real Apartments are expected to enhance the community by offering accessible living options for low-income residents. As housing affordability continues to be a significant challenge in California, this initiative represents a critical step toward alleviating the housing crisis and fostering economic growth in Oceanside. The commitment to affordable housing reflects a broader trend in addressing housing needs across the state.
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Urgent Call for a Unified Investment Hub in the UK Financial SectorThe UK has experienced a notable decline in its market share of foreign direct investment (FDI) projects within the financial and professional services sector, registering a 4% drop since 2017....
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Challenges in Urban Adaptation Finance in the Global SouthCities are increasingly facing the brunt of the climate crisis, yet the financial support needed for urban adaptation remains critically inadequate. Despite the urgent need for investment in...
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Major Expansion of Financial Services Jobs Planned for Charlotte, North CarolinaAssetMark Financial Holdings, along with a division of Citigroup, is set to significantly expand its operations in Charlotte, North Carolina. State economic development officials have announced...
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Norwood Financial Corp Expands Its Reach in Pennsylvania Through Merger with PB Bankshares, Inc.HONESDALE, Pa. and COATESVILLE, Pa., July 07, 2025 – In a significant move to enhance its presence in Pennsylvania, Norwood Financial Corp has announced a strategic merger with PB Bankshares, Inc...