California Tax Credit Allocation Committee AgendaPacket 2026-06-22
Banc of California finances Village Park Senior Apartments
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Description
Banc of California will purchase $3.5 million in tax‑exempt bonds and provide additional taxable and permanent loans to finance the Village Park Senior Apartments rehabilitation in Bakersfield. The financing supports a 60‑unit senior affordable housing resyndication.
Contract Details
Contract Amount
$3,500,000 tax-exempt bonds; $1,300,000 taxable construction loan; $1,110,000 permanent tax-exempt debt
Vendor
BANC OF CALIFORNIA
Agency
California Tax Credit Allocation Committee, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
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PENDINGIssuing Agency
California Tax Credit Allocation Committee
State Housing Authority
Sacramento, CA
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California Tax Credit Allocation Committee AgendaPacket 2026-06-22
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