Laguna Senior was created through a unique collaboration with Project New Hope to serve seniors with HIV/AIDS in a mixed-income, mixed population setting.  Completed in June 2007, the project includes 53 one-bedroom units and 11 two-bedroom units.

Laguna Senior offers a range of on-site social services, including computer training and exercise classes.  The development also coordinates with specialized third-party service providers to meet  the special needs of residents.

Entrata was developed in collaboration with Domus Development and the City of Pittsburg, CA.  Completed in September 2007, the mixed-use complex includes 10,000 square feet of ground floor retail space designed to revitalize the city’s aging urban center. Office space was also created for Pittsburg’s Housing Authority.

On upper floors, Entrata offers 28 one-, two-, and three-bedroom apartments serving mixed income families. Thirteen of the 28 units are designated for families earning less than 60% of median income while the remaining units are available at market rates.

The Monte Alban development was acquired in December 2006 to ensure that low income families could continue to live in the expensive Silicon Valley area.  With the recent expiration of long term affordability restrictions imposed by HUD, the development would otherwise have been sold, and converted to market rate housing, resulting in the potential displacement of 192 families.

Following the acquisition by AHCDC and The John Stewart Co., Monte Alban was substantially renovated and refinanced through a combination of tax-exempt bonds and equity from 4% low income housing tax credits.

The Tulare development comprises 250 units located on four properties in Tulare County, including 64-unit Alder Apartments in Porterville, 41-unit Evergreen Apartments in Porterville, 97-unit Tulare Apartments in Tulare, and 48-unit Woodlake Apartments in Woodlake.

The properties were originally developed under the US Dept. of Agriculture’s rural housing development program and many of the residents continue to receive rental subsidies from the USDA.  In partnership with the PAM Companies, AHCDC acquired the four separate properties and combined them into a more efficient portfolio using a common financing plan with a tax-exempt bond loan, USDA financing, and equity from 4% low income housing tax credits.

Now underway and scheduled for completion in December 2008, an extensive, $5.25 million renovation of the properties will include building upgrades, new site drainage, accessibility modifications, railings, windows and HVAC.