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Housing Nonprofit Plans Conversion To Affordable Apartments in One of Priciest US Markets

Catalyst Impact Fund Buys San Jose, California, Property With $100 Million in State Bonds
Catalyst Impact Fund used state bonds to acquire Modera The Alameda, a 168-unit project in San Jose (CoStar)
Catalyst Impact Fund used state bonds to acquire Modera The Alameda, a 168-unit project in San Jose (CoStar)
CoStar News
February 5, 2024 | 9:24 P.M.

Surging demand for affordable housing in Silicon Valley's largest city sparked the second apartment deal to trade hands in as many weeks in a region where buying a house costs twice as much on average as the rest of the country.

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