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

URL:

http://www.affirmedhousing.com/projects/current/ten_fifty_b.html

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

Featured in CHC Newsletter:

June 2008

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)

URL:

http://eah.org/building/profile.asp?id=95&mode=fd

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

»

Read more

Ping Yuen Center

Project Details

Number of Units:

82

Total Project Cost:

$10,200,000

Year Opened:

2004

CHC Member Partners:

Sacramento Housing and Redevelopment Agency

URL:

http://www.afevans.com/index.php?page=Development&sub=Affordable%20Housing&id=18...

Location(s)

Ping Yuen Center

420 I Street

Sacramento, CA, 95814

See map: Google Maps

Village at the Crossing

Project Details

Featured in CHC Newsletter:

Aug-07

Number of Units:

228

Total Project Cost:

$60,000,000

Year Opened:

2006

Affordability:

60% AMI

CHC Member Partners:

KDF Communities

URL:

http://www.villageatthecrossing.net/

Location(s)

Village at the Crossing

1101 National Ave.

San Bruno, CA, 94066

See map: Google Maps

Completed in October 2006, Newport Beach based KDF Communities, LLC opened their Village at the Crossing Senior Housing Community. This project began in October 2005 in the city of San Bruno, off the main transit artery at the intersection of El Camino Real and Interstate 380. Built on 20 acres of a former U.S.

»

Read more

Avenue 26

Project Details

Featured in CHC Newsletter:

May -07

Number of Units:

369 affordable/534 total

Total Project Cost:

$106,000,000

Year Opened:

2006

Affordability:

Mixed-Income: Market and 30-60% AMI

CHC Member Partners:

AIG SunAmerica

AMCAL Multi-Housing

California Bank and Trust

California Community Reinvestment Corporation

Citibank

Los Angeles Housing Department

Phoenix Realty Group

W.O.R.K.S.

URL:

http://www.ave26.com

Location(s)

Avenue 26

360 W. Avenue 26

Los Angeles, CA, 90031

See map: Google Maps

As an additional perk to the May 8th Policy Forum and Hall of Fame Awards Luncheon, CHC has organized a coach tour of CHC member AMCAL Multi-Housing’s Avenue 26 Development in Los Angeles.

Ave 26 is an innovative mixed-use, mixed-income, transit-oriented development just off of Los Angeles’ Gold Line. It consists of 4 projects total: 2 family rental, 1 senior rental and for-sale condominiums. Altogether there are over 500 units.

»

Read more