Case Study: Standard Communities achieves $53.1 million financing for affordable housing with Walker & Dunlop

Standard Communities secures $53.1 million financing with Walker & Dunlop

Walker & Dunlop provided financing solutions for Standard Communities, which was developing an affordable housing project in a region with persistent housing affordability challenges.

The solution involved Walker & Dunlop Capital Markets arranging a $53.1 million Freddie Mac tax-exempt bond forward commitment. This financing provided a permanent structure to support the development through stabilization. The result was the creation of Joyfield at Lakeview Center, a 233-unit affordable housing community with income-restricted units, enhancing housing access and resident connectivity in Contra Costa County.

Standard Communities