50 Units
Currently Under Construction

Federation Tower Apartments

3799 E Willow St, Long Beach, CA 90815

Property Overview
  • 50 Units in Long Beach, CA
  • Financed with 4% Tax Credits and Tax-Exempt Bonds for long term affordability
  • New 20 Year HAP Contract at the time of re-syndication
  • Non profit partner – Pacific SW Community Development Corporation
  • Under Construction – budgeted rehab scope of 2.3mm ($46k per unit)
Affordable Requirements:
  • LIHTC LURA – 10% at 50% AMI, 90% at 60% AMI
  • HAP – 100% of the units are under Project Based Section 8 Housing Assistance payments. Contract extended for 20 additional years