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A group of people at a ribbon cutting ceremony in Redding, CA.

The California League of Cities-sponsored bond agency has issued $36.3m in tax-exempt bonds for an affordable housing project in Redding, California. The project, called Block 7 Downtown Apartments, will be built by K2 Development Companies and will provide 80% of the rental housing units as rent-restricted for low-income tenants. The project will also include market-rate apartments and a combined retail space. The financing for the project will maintain the affordability of the units for low-income tenants for 55 years.

Source: California League of Cities

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Developing Sustainable and Resilient Communities

In every project, K2 aspires to think far into the future to build resilient structures that benefit generations to come. Every design we develop is crafted with purpose and we endeavor to employ sustainability standards and smart growth principles wherever possible. Many of our projects are net-zero and feature state-of-the-art solar arrays and other environmental elements.