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New Affordable Housing Coming to Sacramento Suburb of Elk Grove

Greystone Affiliate Provides Tax-Exempt and Taxable Bonds To Finance $153.6 Million in Construction Costs for 387-Unit Project
The 387-unit Poppy Grove Apartments project, shown in this artist rendering, won zoning approval earlier this year in Elk Grove for a site on the east side of Bruceville Road, just south of Poppy Ridge Road. (Greystone)<br>
The 387-unit Poppy Grove Apartments project, shown in this artist rendering, won zoning approval earlier this year in Elk Grove for a site on the east side of Bruceville Road, just south of Poppy Ridge Road. (Greystone)
By CoStar News Staff
November 30, 2022 | 4:54 P.M.

America First Multifamily Investors, an affiliate of private national commercial real estate finance company Greystone, provided $153,637,000 in tax-exempt and taxable construction loans for a new 387-unit affordable housing community planned in Elk Grove, California, just south of Sacramento.

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