PR Newswire: Augusta Communities Secures Record Tax-Exempt Financing to Preserve Affordable Homeownership
6 hours ago
1 min read
Augusta Communities closed $118.1 million in tax-exempt financing and completed the purchase of nine manufactured home communities across seven California counties. The acquisition brings the portfolio to 17 communities statewide, the largest financing in the organization's history. Erica Taylor committed $1 million over the first three years toward common area improvements and new homes across the nine communities. At Hacienda in Montclair, $2,250,000 has gone into infrastructure and amenity upgrades across 204 home sites, including a solar system that lowers resident utility costs.
