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Juniper Gardens: Wakeland Housing Uses New CalHFA Program to Preserve 40 Affordable Homes in San Diego

San Diego-based Wakeland Housing & Development Corporation purchased Juniper Gardens, a 40-apartment Section 8 community in the City Heights neighborhood of San Diego, in March 2012 with the goal to refinance and recapitalize the property in order to ensure its long-term affordability. Wakeland Housing took advantage of the CalHFA new pilot Portfolio Loan Prepayment Policy to rehabilitate the property.