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| Michael Gaber |
SAN DIEGO, CA -- WNC, a national investor in real estate and
community development initiatives, announced today the completion of an
extensive renovation to Sonoma Court
Apartments, which provides 61 units of affordable housing to Escondido
families.
WNC provided $4.4 million in low-income housing tax credit
(LIHTC) equity to fund the project.
Located at 508 E.
Mission Ave., Sonoma Apartments is comprised of a mix of one-, two- and
three-bedroom units.
“We are very pleased to have worked with Affirmed Housing and NEXUS for Affordable Housing Inc. to improve and maintain a vital component of Southern California’s affordable housing supply,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber.
“Sonoma Court Apartments was originally constructed in 1978 and last renovated in 1999. This renovation modernizes and improves the community for current and future residents, while providing valuable energy efficiency upgrades and enhancements.”
For a complete copy
of the company’s news release, please contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
509-338-5676 - cell
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