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ANAHEIM, CA-Mercy Housing California has secured $13.9 million in funding from CharterMac Capital for a 60-unit affordable housing project in this city's Platinum Triangle, according to New York City-based CharterMac. The equity financing for nonprofit Mercy Housing will go toward the construction of a project called Vineyard Town Homes.

The development by Mercy Housing California, which is a subsidiary of national not-for-profit Mercy Housing Inc., is one of a host of new projects under way as Anaheim revitalizes an area near Angeles Stadium. The redevelopment effort aims to create a transit-oriented, mixed-use urban environment that will feature a regional transportation center, access to the planned California High-Speed Rail Line and the California-Nevada Maglev and other transit developments.