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Grand Opening for Terracina at the Dunes |
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Housing Finance Officer Kevin Brown was in Marina on Thursday, October 10 on behalf of CalHFA at the Grand Opening for Terracina at The Dunes, a 142-unit affordable housing development.
Approved for a loan through CalHFA’s Mixed-Income Program (MIP) in 2022, Terracina at the Dunes will add much-needed affordable housing at a mix of low incomes in Monterey, one of the highest-cost counties in California. This housing was built in collaboration with CTCAC and private partners including USA Properties, which has partnered with CalHFA on five MIP developments.
MIP launched in 2019 following the passage of the Building Homes and Jobs Act, and in that time has provided financing to help construct 9,684 units of affordable housing at a mix of income levels.
Thank you for supporting CalHFA and our mission to invest in diverse communities with financing programs that help more Californians have a place to call home.
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