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DEL SOL APARTMENTS
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Property 
Location:
At 3609-3690 Del Sol Blvd., San Ysidro, California.
Project Description:
There are 90 units (2 one-bedrooms, 11 two-bedrooms, 66 three-bedrooms,
11 four-bedrooms). All of the units will be rented to families earning
60% or less area median income.
Background and Status:
This is an acquisition/rehabilitation project. The rehab will encompass
substantial landscaping improvements, major upgrades within the units
and development of a new community center. Construction will begin in
fall 2006; completion is expected in late 2007. The project is owned by
Del Sol Apartments, L.P., in which Wakeland is the sole general partner.
Property Management:
John Stewart Company
Financing Sources:
Tax-exempt bonds, tax credits, Multi-family Housing Program and a loan
through the San Diego Housing Commission. The acquisition was financed
by Washington Mutual and Low Income Investment Fund.
Resident
Services:
Services will
include a computer lab, adult education programs and after-school programs
for youth.
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