Jamboree Starts Construction on Orange County Project
The 102-unit affordable community in Anaheim is part of the city’s Neighborhood Improvement Program designed for Haster Orangewood.
Manchester-Orangewood. Image courtesy of Jamboree Housing Corp.
Jamboree Housing Corp. has started construction on Manchester-Orangewood, a 102-unit affordable community in Anaheim, Calif. The new development is part of the city’s Neighborhood Improvement Program designed for Haster Orangewood 15 years ago. The $55.3 million project is slated for completion in fall 2021.
Manchester-Orangewood will come online at 2121 S. Manchester Ave. on a vacant 2.9-acre lot currently owned by the Anaheim Housing Authority. Designed by Architecture Design Collaborative, the four-story apartment building will encompass one- to three-bedroom units. An approximately 15,000-square-foot, two-story community building will stand in the middle of the development, featuring recreational spaces and areas for free on-site resident services. Orange County Head Start’s 3,800-square-foot early education center will serve 40 children, while the Child Guidance Center will provide family behavioral health services.
The development site is roughly 3 miles south of downtown Anaheim, adjacent to Santa Ana Freeway. The community will be situated between two regional employment centers: the Anaheim Resort—home to Disneyland Resort and Anaheim Convention Center—and the Platinum Triangle, an area including Angel Stadium, Honda Center, The Grove of Anaheim and Anaheim Regional Transportation Intermodal Center.
Last January, Jamboree broke ground on another Orange County affordable community. The 75-unit development catering to formerly homeless veterans in Santa Ana, Calif., is 5 miles southeast of Manchester-Orangewood.
Project financing
Union Bank provided $32.2 million in construction financing, $14.3 million in permanent financing and $25.3 million in tax credit equity. The City of Anaheim financed the project with a $10.2 million land note and $4 million loan.
In addition, The Orange County Housing Trust, powered by NeighborWorks Orange County and Orange County Business Council, provided $1.5 million in “last-mile” financing. The funds were part of a $5 million contribution given to OCHT by the local Disneyland Resort.
