GLENDALE, Calif. — California Community Reinvestment Corporation (CCRC) announced it provided a $1.333 million permanent loan to help finance Serenade on 43rd, an affordable housing development in San Diego that recently received the 2026 Ruby Award for Project of the Year — Rehabilitation from the San Diego Housing Federation.
The financing supported the rehabilitation of 20 existing affordable apartment homes and the construction of 45 new residences, creating a 65-home affordable housing community in San Diego’s City Heights neighborhood. The development also includes supportive housing for individuals transitioning out of homelessness.
The Ruby Award recognizes affordable housing developments for excellence in design, development and community impact…