Coronado Terrace
Location:
1183 25th Street San Diego
California
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.