Eden Housing’s Quail Run in Santa Rosa, an existing 200 home apartment complex, is drawing from TECH Fund to purchase limited partner rights prior to re-syndication and complete some immediate repairs on the development. All homes at the site are restricted at 60% AMI levels.
The loan marks the first time TECH Fund has been utilized in Santa Rosa. Since the city lost an estimated 5% of its total housing stock during the deadly Tubbs Fire in October 2017, every preserved affordable home truly matters.