Location:

3201 Loma Verde Drive in San Jose, California.

Project Description:

There are 152 units (33 studios, 61 one-bedrooms, and 58 two-bedrooms). All of the units are rented to families earning 60% or less area median income.

Background and Status:

Purchased in 2003.The ownership structure is a limited partnership in which Wakeland is the managing general partner and Fairfield Residential the co-general partner.

Property Management:

Fairfield Residential

Financing Sources:

Tax-exempt bonds and tax credits

Resident Services:

Resident services include after-school programs and English-as-a-Second-Language (ESL) classes.