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WYNDOVER APARTMENTS
Next Property
Location:
809 Diablo Avenue in Novato, California, approximately 27 miles north
of downtown San Francisco.
Project Description:
This 12-building complex is comprised of 136 units – 88 one-bedroom
and 48 two-bedroom. All units will be rented to families earning 60% or
less area median income.
Background and Status:
The complex is undergoing a $1.6 million rehabilitation projected
to be completed in Spring 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 Wyndover Apartments and may include after-school
programs, adult job-skills education and computer classes.
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