Location:
At the corner of Aviara Parkway and
Cobblestone Road, Carlsbad.
Project Description:
There are 28 units (16 two-bedroom
and 12 three-bedroom). 100% of the units will be rented
to families earning 60% or less area median income.
The average area median income is under 50%. The
project is part of the Carlsbad's low-income inclusionary
requirement for Standard Pacific Homes, the master developer
of the surrounding community.
Background and Status:
Construction was completed in
2001. Wakeland and San Diego Interfaith entered
into a limited partnership and are co-general partners.
Property
Management:
San Diego Interfaith Housing Assistance
Corp.
Financing Sources:
Tax-exempt
bonds (CHFA), tax credits, and loans from the Affordable
Housing Program, the City of Carlsbad and Standard Pacific.
Resident Services:
Resident services
include after-school programs, computer classes and
English-as-Second Language (ESL) classes. |
