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WESTCHESTER
PARK APARTMENTS
Next Property
Location:
1602 Nisson
Road
in Tustin,
California.
Project Description:
There are 150 units (16 one-bedrooms, 94 two-bedrooms and 40
three-bedrooms). All of the units are rented to families earning 60% or less
area median income.
Background and Status:
Purchased in 2000.
Renovation was completed in 2001. Wakeland
became the Managing General Partner in June 2002. 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:
Services include a computer room and after-school programs.
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