Waterford Launches Construction on Milpitas Affordable Housing
Waterford Property Company has begun construction on a 75-unit affordable housing community in the Santa Clara County city of Milpitas. The project is being financed with 4% low-income tax credits and private activity bonds and is set for completion in early 2028. As part of a…
Waterford Property Company has begun construction on a 75-unit affordable housing community in the Santa Clara County city of Milpitas. The project is being financed with 4% low-income tax credits and private activity bonds and is set for completion in early 2028. As part of a…
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Why it matters
The launch of construction on a 75-unit affordable housing project financed with low-income tax credits and private activity bonds is routine operating activity within the real estate finance sector, with limited broader market impact or novelty.