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RAINTREE APARTMENTS
Next Property
Location:
1058 S. Winchester Blvd. In San Jose.
Project Description:
Comprised of 16 buildings, 176 units – 144 one-bedroom and 32
two-bedrooms. All units will be rented to families earning 60% or less
area median income.
Background and Status:
The complex is undergoing a $1.5 million rehabilitation projected
to be completed in Fall 2006. The complex is owned by a limited partnership
between Wakeland and Fairfield Residential. Wakeland is the managing general
partner.
Property Management:
Fairfield Residential
Financing Sources:
Tax-exempt bonds via Fannie Mae; tax credits.
Resident
Services:
Resident services will be tailored to
the residents of Raintree Apartments and may include after-school programs,
adult job-skills education and computer classes.
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