The majority of the financing for acquisition and construction will convert into permanent
financing. Bridge financing was provided by Century Housing and the LINC Builds fund.
Permanent Sources
Amount
First Mortgage - Bank of America
$1,500,000
9% LIHTC - National Equity Fund
$10,318,523
TCAC ARRA Funds
$1,582,552
L.A. County HOME Funds
$3,398,319
Infill Infrastructure Grant
$3,169,934
City of Industry
$3,000,000
Federal Home Loan Bank Affordable Housing Program
$415,000
L.A. County Fee Waiver
$117,207
City of Compton
$800,000
Private Grants from The Weingart Foundation, The Home Depot Foundation, California Community
Foundation, and Enterprise Green Communities
