California Housing Consortium - A United Voice for Affordable Housing 

Infill

Pepperwood Apartments

Project Details
Number of Units:
230
Total Project Cost:
$43,633,009
Financing:
Citibank, Century Housing, Enterprise, and a nonprofit bond conduit from Housing Partnership Securities
Year Opened:
2007
Affordability:
16 units at 35% AMI, 86 units at 45% AMI, 128 units at 60% AMI
CHC Member Partners:
Century Housing
Citibank
Enterprise Social Investment Corporation
LINC Housing Corporation

Location(s)

Pepperwood Apartments
9055 Foothill Blvd
Rancho Cucamonga, CA, 91730
See map: Google Maps

CHC member organization, LINC is committed to creating and preserving housing that is affordable, environmentally sustainable, and a catalyst for community improvement. With their PepperWood Apartments, LINC has successfully completed an inspiring rehabilitation project in Southern California’s Rancho Cucamonga.

Ten Fifty B

Project Details
Number of Units:
229
Total Project Cost:
$90 million
Financing:
Affirmed purchased the 0.46 acre lot for $4.7 million. The Redevelopment Agency of the City of San Diego is contributing its largest single subsidy ever, in the sum of $34 million. US Bank will provide construction and permanent financing and Boston Capital Partners will act as the tax credit equity investor. The State of California Department of Housing and Community Development Multifamily Housing Program will provide additional financing. The San Diego Housing Commission has issued $48.5 million in tax-exempt housing revenue bonds. The project has also received an award of 4 percent Low Income Housing Tax Credits from California Tax Credit Allocation Committee in the amount of $38,301,830.
Year Opened:
2010
Affordability:
25-60% AMI
CHC Member Partners:
Affirmed Housing
California Department of Housing and Community Development
California Tax Credit Allocation Committee
Centre City Development Corporation
San Diego Housing Commission
U.S. Bank

Location(s)

Ten Fifty B
1050 B St
San Diego, CA, 92101
See map: Google Maps

For a detailed article on the project from Multi-Housing News visit: http://www.multihousingnews.com/multihousing/search/article_display.jsp?...

San Clemente Place

Project Details
Number of Units:
79
Financing:
Citibank, National Equity Fund, Marin County Housing Authority, California Multifamily Housing Program, Marin Community Foundation, County of Marin HOME and CDBG Programs, Tamalpais Pacific, Town of Corte Madera
Year Opened:
2007
Affordability:
20% AMI to 60% AMI
CHC Member Partners:
California Debt Limit Allocation Committee
California Department of Housing and Community Development
California Tax Credit Allocation Committee
Citibank
EAH Housing
National Equity Fund (NEF)

Location(s)

San Clemente Place
33 San Clemente Drive
Corte Madera, CA, 94925
See map: Google Maps

Opening later this month in Marin County, San Clemente Place is a 79-unit affordable apartment development that will showcase the commitment of CHC Member EAH Housing  to sustainable development practices in close proximity to jobs, shopping, parks, schools and transportation.  This development required the assembly of a former lumberyard and adjoining commercial us

Pico/Gramercy Apartments

Project Details
Number of Units:
71
Financing:
TCAC, CDLAC, HCD's MHP among others
Year Opened:
2007
Affordability:
30-60% AMI
CHC Member Partners:
California Debt Limit Allocation Committee
California Department of Housing and Community Development
California Community Reinvestment Corporation
California Tax Credit Allocation Committee
Century Housing
Federal Home Loan Bank
Los Angeles Housing Department
MMA Financial
Wells Fargo Bank

Location(s)

Pico/Gramercy Apartments
3215 W Pico Blvd
Los Angeles, CA, 90019
See map: Google Maps

At Pico/Gramercy Apartments, Meta Housing is addressing the enormous demand for housing affordable to working families in Los Angeles.  Located in the Mid-City Corridor redevelopment area, the project is conveniently located near schools, shopping, and public transit, Pico/Gramercy has become a community amenity contributing to the neighborhood’s revitalization.

Lillian Place

Project Details
Number of Units:
74
Financing:
City of San Diego (NOFA funding), 9% tax credits, Affordable Housing Program funding, Wells Fargo Bank construction loan, CCRC permanent financing.
Year Opened:
2006
Affordability:
Mixed-income: 80% at 30-60% AMI, 20% at 110% AMI
CHC Member Partners:
California Community Reinvestment Corporation
Centre City Development Corporation
Federal Home Loan Bank
Local Initiative Support Corporation (LISC)
Low-Income Investment Fund
National Equity Fund (NEF)
Sun Country Builders
Wakeland Housing & Development Corporation
Wells Fargo Bank

Location(s)

Lillian Place
1401 J Street
San Diego, CA, 92101
See map: Google Maps

Lillian Place is only the second 100% restricted, large family affordable housing project built in downtown San Diego since 1994.  To accomplish this remarkable feat, the project sponsors pulled together an impressive array of financing and worked through a number of site, planning, and construction difficulties.  The project’s 74 units (over

Downtown River Apartments

Project Details
Number of Units:
81
Financing:
CCRC Permanent Bond for $6.2 million; Wells Fargo Bank Construction Loan, City of Petaluma, California Department of HCD, Metropolitan Transportation Commission
CHC Member Partners:
California Department of Housing and Community Development
California Community Reinvestment Corporation
City of Petaluma
Eden Housing, Inc.
Union Bank of California
Wells Fargo Bank

Location(s)

Downtown River Apartments
35 East Washington Street
Petaluma, CA, 94952
See map: Google Maps

Via del Mar

Project Details
Number of Units:
40
Financing:
CA Dept. of Housing & Community Development (HOME/Serna/MHP), City of Watsonville Redevelopment Agency, CalHFA, Santa Cruz Metropolitan Transit District, Alliant Capital (tax credit investor)
Affordability:
60% AMI
CHC Member Partners:
Mid-Peninsula Housing Coalition

Location(s)

Via del Mar
124 W. Beach Street
Watsonville, CA, 95076
See map: Google Maps

Chestnut Linden Court Apartments

Project Details
Number of Units:
151 Affordable/167 Total
Total Project Cost:
$39,700,000
Financing:
HOPE VI $12,705,010, Wells Fargo Bank $14,469,069 (First Mortgage), Alliant Capital $20,215,027 (Tax Credit Equity), City of Oakland $6,200,000, CalHFA $1,300,000 (HELP Loan), Affordable Housing Program Loan $604,000, OHA Local Funds $1,695,000
Year Opened:
2003
CHC Member Partners:
BRIDGE Housing Corporation
California Housing Finance Agency
David Baker and Partners Architects
Federal Home Loan Bank
Low-Income Investment Fund
The John Stewart Company
Wells Fargo Bank

Location(s)

Chestnut Linden Court Apartments
1060 West Grand Avenue
Oakland, CA, 94607
See map: Google Maps

Opportunity Center of the Midpeninsula

Opportunity Center of the Midpeninsula
Project Details
Number of Units:
89
Total Project Cost:
$22,000,000
Financing:
HCD MHP, TCAC, Santa Clara County, San Mateo County, City of Palo Alto, Community Working Group Inc, HUD
Year Opened:
2006
Affordability:
35% AMI to 45% AMI
CHC Member Partners:
Housing Authority of the County of Santa Clara

Location(s)

Opportunity Center of the Midpeninsula
33 Encina Ave
Palo Alto, CA, 94301
See map: Google Maps

Housing Authority of the County of Santa ClaraA project ten years in the making, the Opportunity Center in Palo Alto is a state of the art supportive housing facility. Following devastating floods that irreparably damaged a previous local service center for the homeless, an advocacy group called the Community Working Group, Inc.

Emerald Terrace Apartments

Emerald Terrace Apartments
Project Details
Number of Units:
85
Total Project Cost:
$25,000,000
Financing:
Wells Fargo Bank $15,338,661 (Construction Loan), California Community Reinvestment Corporation $4,900,000 (Perm Loan), City of Los Angeles Housing Department $3,437,128, Apollo Housing Capital (Tax Credit Partner) $15,590,309, Central City West Specific Plan Fund $850,000 (City Soft Money administered by LAHD)
Year Opened:
2007
Affordability:
35-60% AMI
CHC Member Partners:
California Community Reinvestment Corporation
Century Housing
Los Angeles Housing Department
Meta Housing Corporation
Solari Enterprises Inc

Location(s)

Emerald Terrace Apartments
279 Emerald Street
Los Angeles, CA, 90026
See map: Google Maps

Meta Housing Corporation and Century Housing The transformative impact of infill development is demonstrated by Meta Housing’s recently completed Emerald Terrace Apartments. It is located in central Los Angeles on a previously vacant lot that was a dumping ground for debris and common place for loitering. Completed in 2007, Emerald Terrace is an 85 unit development affordable at 35-60% AMI.

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