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VISTA TERRACE HILLS
APARTMENTS
Next Property 
Location:
1606 Del Sur Boulevard, San Ysidro in South San Diego
County.
Project Description:
There are 262 units -- 208 three-bedrooms
and 54 four- bedrooms. 100%
of the units are rented to families earning 60% or less area median income.
Background and Status:
Purchased in October 2000.
A $7 million renovation -- including a new recreation center --
was completed in 2002. A limited partnership between Wakeland and Related
Companies of California. Wakeland
is the managing general partner; Related Companies is the administrative
partner.
Property Management:
Related Management Company
Financing Sources:
Tax-exempt
bonds, tax credits and a loan
from the San Diego Housing Commission.
Resident Services:
Resident
services include after-school programs, computer classes and a variety
of sports activities.
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