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Location:
At 1501 Broadway, Chula Vista, California.
Project Description:
The project contains 42 units (12 one-bedrooms, 16 two-bedrooms, and 14 three-bedrooms). All units are rented to families earning 60% or less area median income. Electricity for the units and common area are provided by a solar photovoltaic system.
Background and Status:
This is a new construction project. Construction began in March 2008 and will be completed in June 2009. The project is owned by Los Vecinos, LP in which Wakeland is the sole general partner. The project is registered with the U.S. Green Building Council and intends to pursue certification under USGBC’s LEED (Leadership in Energy and Environmental Design) program.
Property Management:
John Stewart Company
To be placed on an interest list, send name, address, phone to/
Lista de Interesados Envie su nombre, direcciòn, nùmero de telefono à:
Los Vecinos Apartments
9948 Hibert Street, #207
San Diego CA 92131
This is a Non-Smoking project.
Financing Sources:
Red Capital Markets, Inc. has purchased the low-income housing and solar tax credits for this project. Wells Fargo Bank is the construction lender and the California Community Reinvestment Corporation is the takeout permanent lender. The Redevelopment Agency of the City of Chula Vista has provided a soft second loan.
Resident Services:
On-site Resident Services will be provided. Customized services will include eco-friendly living resources.
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