MAAC’s Continued Commitment to Affordable Housing
Nine months ago, MAAC took responsibility for day-to-day management of the President John Adams Manor (PJAM), a 300-unit affordable housing community which the organization has owned since 1998, and secured financing for a complete renovation of the property. “MAAC is investing $14 million in the property, that’s about $47,000 per unit, to create better homes for our residents,” said Arnulfo Manriquez, President and CEO of MAAC. Construction will begin in November 2018 and is expected to take about one year.
Oct 2018 – MAAC’s Continued Commitment as an Affordable Housing Provider in San Diego