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Baldwin Park Apartments by Cesar Chavez Foundation

Participating Lenders
Mercy Community Capital
PCG Loan Amount
$1,500,000
Total Loan Amount
$3,285,000
Asset Class
Multi-Family Housing
Geography
California

Loan at a Glance:

For the subject loan, PCG’s work with Mercy Community Capital provides a $1,500,000 pari passu participation in a $3,285,000 loan that funds CCF’s acquisition of seven contiguous lots.

Project Summary:

CCF will use low-income tax credits to develop 57 affordable housing units with convenient metro access, a public park, several grocery stores, and a health facility. The local neighborhood poverty rate is 21% in Baldwin Park, CA.

Borrower Summary: 

Cesar Chavez Foundation (CCF), a nonprofit organization, enriches and improves the lives of farmworkers and Latino families by meeting their essential human, cultural and community needs. It offers working families in the Southwest an extensive set of programs and services, including affordable housing, after-school programming, and senior services.