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.