Location:

2300 Lancaster Drive in Richmond, California.

Project Description:

There are 342 units (242 one-bedrooms, 100 two-bedrooms). All units are rented to families earning 60% or less area median income.

Background and Status:

Renovation began in Fall 2004 and completion is anticipated in Spring 2006. The ownership structure is a limited partnership in which Wakeland is the managing general partner and Fairfield Residential is the co-general partner.

Property Management:

Fairfield Properties

Financing Sources:

Tax-exempt bonds and tax credits.

Resident Services:

Baycliff Apartments will offer residents a computer lab and other services, including a comprehensive after-school program and ongoing adult educational workshops and classes.