CT/KDF COMMUNITY DEVELOPMENT PARTNERS ANNOUNCES FINANCING OF LANCASTER PROMENADE III

CT/KDF COMMUNITY DEVELOPMENT PARTNERS ANNOUNCES FINANCING OF LANCASTER PROMENADE III

LANCASTER, CA – January 18, 2012 – (RealEstateRama) — Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, in concert with its investment partner, U.S. Bancorp Community Development Corp., has placed $16.15 million of its New Markets Tax Credit (NMTC) allocation with a subsidiary of InSite Development of Woodland Hills, Calif. The NMTC funds will be used to redevelop four properties along the new Lancaster Promenade, now known as The BLVD, in downtown Lancaster, Calif.

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