$20 million secured for affordable housing near future SMART station in Calif.

A long sought after plan to build afforable housing next to the city’s newest train station received some crucial funding late last month The developer behind Meridian, an affordable housing project planned for a site next to the forthcoming Petaluma North train station, announced it received $20 million on Aug. 31 from a statewide funding initiative – another big piece of the puzzle in financing the $86.67 million project. The Meridian project now has a total of $46.49 million in secured funding, said project manager McKenzie Dibble from Danco Communities, the Arcata-based affordable housing developer behind Meridian