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BAKERSFIELD, CALIF. – The 160-unit Auburn Heights Apartments in Bakersfield has received a $10.6-million loan. The affordable housing community is located at 7000 Auburn Street. The loan will finance the property’s renovation. It was funded through HUD’s Section 223(f) Low Income Housing Tax Credit (LIHTC) Pilot Program. The non-recourse loan features a 35-year term, fixed-rate and full amortization. It was provided by CBRE Group through its FHA lending platform.