Coronado Terrace

Location:

Property Management:

Related Management Company
(619) 423-5804

Click here to visit the Related website.

Project Description:

There are 312 units -- 268 two-bedrooms and 44 three-bedrooms. 100% of the units are rented to families earning 60% or less area median income.

Background & Status:

Purchased in July 2001. Project renovation of over $4 million included a new recreation center completed in 2002. A limited partnership between Wakeland and Related Companies of California. Wakeland is the managing general partner; Related Companies is the administrative partner.

Financing Sources:

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

Resident Services:

Resident Services include community events and a Business Center with internet access and self-paced job skill training program. After School Programs, computer classes, monthly mobile medical unit visits, Senior services, and Teen Programs are all available to residents.