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CSCDA Issues $9,500,000 in Tax-Exempt Bonds for Heninger Village Apartments

August 30, 2017

The California Statewide Communities Development Authority (“CSCDA”) is pleased to announce the issuance of $9,500,000 in tax-exempt multifamily affordable housing bonds for Heninger Village Apartments in Santa Ana, California.
About Heninger Village Apartments:

Heninger Village Apartments (“Heninger Village”) is an acquisition and rehabilitation of 58 multifamily affordable housing apartments by Heninger 2016 LP.  The project sponsor is KDF Communities.  Heninger Village will continue to be 100% affordable and provide apartments to low-income residents in Santa Ana.
About the Financing:

CSCDA and KDF partnered with R4 Capital Funding, LLC and Orrick, Herrington & Sutcliffe, LLP to provide the $9,500,000  in tax-exempt multifamily affordable housing bonds for Heninger Village.  The project will undergo an extensive interior and exterior renovation ensuring that residents have an updated, safe, and affordable community to call home for years to come.  The financing of Heninger Village will maintain the affordability of units for low-income tenants for 55 years.
About CSCDA:
CSCDA is a joint powers authority created in 1988 and is sponsored by the California State Association of Counties and the League of California Cities.  More than 500 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects.  CSCDA has issued more than $58 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services.
For more information about CSCDA please visit:
For more information about KDF please visit:

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