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BAYCLIFF APARTMENTS
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Property 
Location:
2300 Lancaster Drive in Richmond, California.
Project
Description:
There are 342 units (242 one-bedrooms, 100 two-bedrooms). All units are rented
to families earning 60% or less area median income.
Background
and Status:
Renovation began in Fall 2004 and completion is anticipated in Spring
2006. The ownership structure is a limited partnership in which Wakeland
is the managing general partner and Fairfield Residential is the co-general
partner.
Property
Management:
Fairfield
Properties
Financing
Sources:
Tax-exempt bonds and tax credits.
Resident
Services:
Baycliff Apartments will offer residents a computer lab and other services,
including a comprehensive after-school program and ongoing adult educational
workshops and classes.
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