Affordable Housing Project in Southern California’s Orange County Garners Council’s Approval
By Barbra Murray, Contributing Writer
Photo credit: Newman Garrison + Partners
Irvine, Calif.–Jamboree Housing Corp.’s development of a 70-unit affordable housing community in Buena Park, Calif., takes a big step forward as the Buena Park City Council, in a unanimous vote, gives the $21 million public-private project the green light.
“Although California’s overall housing market continues to struggle, the affordable housing market is robust and demand continues to grow,” Laura Archuleta, president of Jamboree Housing, tells MHN.
With the address of 8850 La Palma Ave. in Orange County, Jamboree Housing’s new apartment community will sit about 25 miles southeast of Los Angeles. The four-story structure will sprout up in place of a commercial building that closed quite some time ago. In addition to the one- two- and three-bedroom residences, 8850 La Palma, designed by the architectural firm Newman Garrison + Partners, will feature a residents meeting room, a fitness facility and a tutoring center. And a green theme will be central to the property’s design. A green roof creating over 20,000 square feet of open space will top an interior parking area.
Jamboree Housing’s marketing efforts for 8850 La Palma will focus mostly on working families earning 30 percent to 60 percent of the county’s area median income. Mentally challenged individuals in need of affordable housing will also be targeted, as 11 of the residences are being reserved for this highly under-served population.
Negotiations for permanent financing for the development of 8850 La Palma are in the final stages. Jamboree Housing expects to garner much of the funding for the project via a 4 percent low income housing tax credit through the federal government; State of California HOME funding; California Housing & Community Development Multi Family Housing Program funds; and Orange County Mental Health Services Act funding. The City of Buena Park Redevelopment Agency, the public entity of the public-private development partnership, provided Jamboree Housing with the funds to acquire the land for the project from the City.
The apartment community at 8850 La Palma is just one of many ventures on Jamboree Housing’s plate. “Cities such as Buena Park are committed to providing adequate affordable housing for their residents and consequently our company has never been busier,” Archuleta says. “We currently have about $250 million worth of development in our project pipeline throughout the state and we have several new projects on our radar screen.”
Jamboree Housing is on track to commence construction of 8850 La Palma in 2010, and open its doors to residents in 2012.
Sophie Reyes
Sep. 20, 2011 at 2:57 pm
My daughter lives in Yorba Linda, is a single mother of 3 girls. She qualifies for low-income housing and is very interested in the program. Please let us know the procedure, the requirements and how to start the process. Thank you very much.
selmabassow
Jul. 22, 2012 at 12:09 pm
Are there any openings for 3 bedrooms an i have section 8
joe chavez
Nov. 7, 2012 at 2:55 pm
looking for a 1 bedroom apt. just got on housing, section 8, i have good references for rent payment.
thanks,
Joe
714 6393882
Marcella Neumohr
Jan. 10, 2013 at 4:52 pm
I work full time 3yrs at same job, single mom of 2 sons. I believe I qualify for low-income housing and I am very interested in the program. Please let me know the procedure, the requirements and how to start the process. Thank you very much.
JessicaF
Jan. 10, 2013 at 5:08 pm
Hi Marcella,
Unfortunately, MHN is not in direct contact with this company. You might want to try contacting them directly.
Hope this helps.
Best,
Jessica Fiur
News Editor
MHN
Mike Fierstein
Jan. 17, 2013 at 3:17 pm
My 12 year daughter and I are truly interested as we are in foreclosure and about to loose our home and we need to find a home for us to live and florish !
Please let me know the procedure , requirements and how to start the process…as we have very little time !
Thank you,
Mike
ANA MATAR
Feb. 20, 2013 at 2:22 am
I LOOKING for low-income housing and I am very interested in the program. Please let me know the procedure, the requirements and how to start the process. Thank you very much.
Francine
Mar. 26, 2013 at 1:49 pm
I recently lost my husband and my only income is the Social Security.I need to move in low housing if any one would give some information I would very much appreciated.
Andrea Kohel
Apr. 28, 2013 at 10:43 pm
Help us please. We have to leave our current apartment in 2 days & despite many phone calls, internet searches & visits to “resource” centers I have no idea what will happen to us. I have a job but at $14/hr it’s not enough. My ex drinks away his jobs & will never have to pay his support. Any ideas?