Location: 

6570 Knott Avenue in Buena Park, California. 

Project Description: 

There are 186 units -- 8 studios/one-bedroom and 177 two-bedroom units.  All of the units are rented to families earning 60% or less area median income.

Background and Status:

Purchased in July 2000. Project renovation of over $2 million was completed in June 2001. A limited partnership between Wakeland and Fairfield Residential.Wakeland is the managing general partner; Fairfield is the co-general partner.

Property Management:

Fairfield Residential

Financing Sources:

Tax-exempt bonds, tax credits and a loan from the Buena Park Redevelopment Agency.

Resident Services:

Resident services include after-school programs, computer classes and a variety of sports activities.