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Waterford Property Company Acquires 472-Unit Multifamily Community for Preservation of Existing Affordable Housing in Pomona

NEWPORT BEACH, CA - Waterford Property Company in partnership with California Statewide Community Development Authority (CSCDA), a joint powers authority, has announced the acquisition of 777 Place, a 472-unit multifamily property located at 777 E. 3rd Street in Pomona, CA. Waterford and CSCDA acquired the property for $149.4 million from Picerne Residential.
Waterford will immediately lower rents for qualified new residents making between 60 to 120 percent of the area median income (AMI) for. ....

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