CDT and LINC Housing Celebrate Ribbon Cutting for Pleasant View Apartments

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The Community Development Trust and LINC Housing Corporation marked the completed construction of a new community center at Pleasant View Apartments in Fresno, California. LINC Housing Corporation, a California-based nonprofit affordable housing developer, used financing from LIIF in 2012 to acquire and preserve Pleasant View Apartments, a 60-unit affordable multifamily apartment complex. The $2.1 million acquisition loan from LIIF enabled LINC to preserve Pleasant View’s affordability, rehabilitate the property, and add life-enhancing social services. In addition, the loan allowed LINC to gain additional equity financing from the Community Development Trust, the nation’s only private real estate investment trust with a public commitment.

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Source: Digital Journal