The Grant at Mission Trails
About the project
Founded in 2009, Castellan Real Estate Partners' mission is to provide quality communities that are safe, secure, and affordable for low-income working families, seniors, veterans, homeless persons, young people transitioning out of foster care, and all people facing housing affordability challenges.
Castellan Housing’s portfolio is currently focused in San Diego, Southern California, New York, New Jersey, and Pennsylvania.
LISC provided a $2.43 million loan to support the acquisition of the property that will become The Grant at Mission Trails. The project is a proposed 48-unit new construction LIHTC multifamily development. Upon completion, the project will offer a mixture of one, two and three-bedroom units, all affordable at 60% of LMI and below.
Partner:
Castellan Holdings LLC
Location:
San Diego, CA
Total Investment:
$2.43 million
Results:
48 units
Project Category:
Affordable Housing
Product:
Acquisition loan
UN SDGs:
