The Pacific Companies is plotting an affordable housing project in Reseda. The Idaho-based developer closed on a ground lease with New York-based Safehold for the proposed Twin Park Landing project at 6670 Reseda Boulevard, Multi-Housing News reported. Development costs for the 275-unit project are believed to be more than $127 million. The Pacific Companies is seeking approval for the allocation of tax credits for the property in Reseda. The firm applied for $6.4 million in low-income housing tax credit, as well as $68 million in tax-exempt bonds, last December. The development will be for residents earning at or below 30, […]
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