CANYON RIM APARTMENTS
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Location:
10931 Gerana Drive, Rancho Penasquitos community in San Diego.

Project Description: 

There are 504 units -- 440 two-bedrooms and 64 three-bedrooms.  Approximately 70% of the units are rented to families earning 60% or less area median income.  Rent levels for the remaining units are 85% area median income.

Background and Status:
Purchased in June, 2000.  Property renovation of over $5 million was completed in December 2001.  A limited partnership between Wakeland and Fairfield Residential.  Wakeland is the managing general partner.

Property Management:

Fairfield Residential

Financing Sources:  
Tax-exempt bonds, tax credits, and a loan from the San Diego Housing Commission.

Resident Services:
Resident services include after-school programs, computer classes and a variety of sports activities.

Quick Stats

625 Broadway, Suite 1000  
San Diego, CA 92101

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619.235.2296   
Fax: 619.235.5386

(c) 2002-2005  Wakeland Housing and Development Corporation