About Pavilion Court Apartments
Pavilion Court Apartments is the acquisition and rehabilitation of 132 affordable housing apartments by Pavilion Affordable Housing, LP. Pavilion Court Apartments will continue to be 100 percent affordable and provide one-, two- and three-bedroom apartments to low-income residents in Pico Rivera.
CSCDA partnered with Walker & Dunlop and Orrick, Herrington & Sutcliffe, LLP to provide tax-exempt housing bonds for Pavilion Court Apartments. The project will undergo an extensive interior and exterior renovation ensuring that residents have an updated, safe, and affordable community to call home for years to come. The financing of Pavilion Court Apartments will maintain the affordability of units for low-income tenants for 55 years.
CSCDA is a joint powers authority created in 1988 and is sponsored by the California State Association of Counties and the League of California Cities. More than 530 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects. CSCDA has issued more than $63 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services.
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