CFA Capital Partners 'CFA' and the Cali Family Join to Help Provide Affordable Housing for Hurricane Katrina Victims

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Hurricane Katrina struck the Gulf Coast of the United States in 2005, devastating the region and destroying lives in its wake. With over 1800 dead and more than $81 billion in damage, there were very real questions about whether or not the region would ever recover.

CFA Capital Partners is proud to have the opportunity to work with one of the nation's most prestigious real estate development families on such a vital project. The combination of their 75 plus years of real estate experience and the strength of our private equity fund provides major support to market that is in desperate need for housing.

    One of the most tragic aspects of this disaster was the destruction of homes across Louisiana and Mississippi, especially in low to middle income neighborhoods. Tens of thousands of people lost not only their homes, but their entire communities as well. Two years later, the outlook is still bleak for many parts of the region.

CFA Capital Partners, in conjunction with the Cali family, is proud to announce that they have taken an active role helping to rebuild one such community - the coastal city of Biloxi, Mississippi. Over the past 2 years, CFA Capital Partners and The Cali Family have invested millions of dollars in capital directly into the Biloxi residential marketplace. Between the two groups, CFA and Cali, over 1400 new residential units are slated to be developed.

"These major housing projects are badly needed in the Biloxi area, where there are still people without homes. Investing in an area that has lost so much is an investment in our country," said John Clancy, Managing Partner of CFA.

Added Steven Luciano, CFA Senior Vice President, "CFA Capital Partners is proud to have the opportunity to work with one of the nation's most prestigious real estate development families on such a vital project. The combination of their 75 plus years of real estate experience and the strength of our private equity fund provides major support to market that is in desperate need for housing."

The Gulf Coast area still has a difficult road back. With the destruction of highway infrastructure, the closing of oil refineries, significant agricultural damage, and hundreds of thousands left unemployed, the long-term economic future of the region is very much unsettled. The linchpin of community revitalization, however, is the effort to make sure that displaced people have a place to live.

"I am proud to work with CFA Capital Partners, and I'm proud of what we're doing," said Brant Cali, Partner in Cali Futures. "On a human level, we feel privileged to be able to help."

As a company that has proven itself with a multitude of successful deals, CFA has built a strong reputation for managing complex financial transactions, acquisitions, and cash-outs with its innovative bridge, permanent and mezzanine programs. CFA has successfully funded projects such as multifamily developments, hotels, high-end office space, medical facilities, and community centers.

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