CHOC Awarded $22.6 Million in State Funding to Build Affordable Housing in Coachella
(Sacramento, CA) - CHOC recently received $22.6 million of state tax credit financing to begin new construction of affordable housing in Coachella, CA.
This Desert Sun piece featured our Vice President of Real Estate Development Vincent Nicholas, City of Coachella Mayor Steven A. Hernandez, and California Assemblymember Eduardo Garcia, respectively.
“This funding comes as part of a highly competitive process, and CHOC’s ability to provide a high-quality, high-impact solution to the growing housing shortage in desert communities has proven a worthwhile investment for Californians,” per CHOC VP Vince Nicholas.
Congratulations to all CHOC executive and team members, municipal and state partners who made this state tax credit financing possible for new Coachella Valley Apartments construction.
Please read The Hoyt Organization’s press release.
About CHOC: Founded in 1984, the Community Housing Opportunities Corporation (CHOC) is a non-profit, affordable housing developer based in Fairfield, California with offices in Palm Springs; we create and manage equitable communities for individuals, families, seniors, and those with special needs. CHOC believes that economically integrated, affordable housing is key to self- sufficiency and is achievable with enriching, supportive programs that give pride to residents, stabilize families and improve local economies. www.chochousing.org