CDF Invests With New Partner in Washington State

CDF Invests With New Partner in Washington State

As part of its continued growth into the Pacific Northwest, the CDF group has provided financing for the rehabilitation of a senior housing complex with a new partner, Pacific Northern Construction Company (PNCC). The renovation at the Tri-Court Apartments in Kent, Washington, south of Seattle, will result in 378 units for low-income seniors in three buildings along with a central fountain, fitness center, community room, and other amenities. In addition, this renovation will include a green development plan with drought tolerant landscaping, low-flow water fixtures, and high efficiency heating and appliances.

"We are pleased to partner with the Pacific Northern Construction Company team on the rehabilitation of Tri-Court Apartments, which have served seniors in Kent for more than 15 years," said Bryan Friend, Vice President and Seattle-based relationship manager. "The need remains high for quality, accessible housing for low-income seniors in Kent and in the greater Seattle-area. Union Bank is committed to working with partners such as PNCC to finance affordable housing for seniors in communities throughout the Pacific Northwest."