Notes from Annette Billingsley
One of the wonderful things about being part of Union Bank's Community Development Finance (CDF) group is collaborating with affordable housing developers who are making a transformative impact on the lives of thousands of people.
In San Mateo, MidPen Housing broke ground on an innovative 120-unit development. Sixty apartments will be affordable, with 10 reserved for residents with developmental disabilities. A market-rate developer will build the other 60 units, making it a truly integrated mixed-income community.
In Seattle, Mercy Housing Northwest will soon break ground on a development for 61 families, including a nonprofit fitness center to help address health issues in the community.
In Los Angeles, Thomas Safran & Associates has nearly completed a 124-unit senior development, including 30 Public Housing Assisted Units.
In Sacramento, Related of California is transforming a neglected lot into a vibrant mixed-use development with low-income senior housing and a thriving retail component.
This is only a small sample of the work our clients are accomplishing, which will improve the lives of thousands for many years to come.