A senior living community designed for every income bracket broke ground in Clovis, CA. The project dubbed Magnolia Crossing, will consist of three custom homes that take a completely different approach to senior living. Developer Marisa Sigala, who was inspired to create the home after her mother required assisted living, said "“In each home there will be 16 rooms that surround a common area. There are no long corridors; you can walk out of your bedroom and you’re in the living room or the kitchen. You’re more comfortable interacting with your neighbors.”
Financing of the $10MM project was guided by Northern California Community Loan Fund in Sacramento using New Market Tax Credits. Funding partners included US Bank, Capital Impact Partners, and Fresno Community Development Financial Institution.
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