Community HousingWorks

SOLARA Village

Project Details

Featured in CHC Newsletter:

Jul-07

Number of Units:

Total Project Cost:

$16,330,000

Financing:

City of Poway $ 775,000 (soft loan), San Diego County HOME $1,000,000 (soft loan), Union Bank of California $2,370,000 (Loan), National Equity Fund $208,000 (Business Tax Credits) and $11,266,000 (9% LIH Tax Credits), CEC’s ERP $409,000 (Solar Rebate), Deferred Developer Fee $150,000, Misc. Reimb / Interest $152,000

Year Opened:

2007

Affordability:

30-60% AMI

CHC Member Partners:

City of Poway

Union Bank of California

URL:

http://www.chworks.org/affordable_housing/solara.asp

Location(s)

SOLARA Village

13414 Community Road

Poway, CA, 92064

See map: Google Maps

Completed in March 2007, Community HousingWorks’ SOLARA Affordable Housing Village sets a new and exciting standard in the energy efficiency in multi-family development. Sited along a major transit artery in North County San Diego, the project is adjacent to existing market rate rental housing and a growing commercial center. SOLARA shares a 425 foot boarder with the Rattlesnake Creek Floodway natural greenbelt and is within walking distance from a community park.