California Community

Alegre Apartments, Irvine, Orange County

Alegre Apartments

Alegre Apartments provides 104 affordable apartment homes with spacious 1-4 bedroom units. On-site amenities include a pool, kid’s water splash feature, BBQ area, tot-lot and a large 2-story clubhouse with offices, computer lab, kitchen, media room, game room and fitness center. AMCAL has partnered with LifeSTEPS, Families Forward, the County of Orange, and United Cerebral Palsy to provide social services. Alegre achieved LEED Gold building certification with sustainability features. Alegre Apartments is the 60th residential community developed by AMCAL.

100% affordable: 22 units – 30% AMI, 16 units – 45% AMI, 65 units – 50% AMI.

Year Built

2013-2015

Type

Family & Special Needs

No. Units

104

Total Cost

$42,625,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

MVE & Partners

Financing

Equity

$26,982,000 Bank of America

Construction

$27,961,000 Bank of America

Permanent

$4,450,000 California Community Re-investment Corporation

Agency

$9,605,000 Irvine Community Land Trust
(HOME & CDBG Funds & Land Donation)

$1,286,000 Cal HFA

Non-Profit

Las Palmas Foundation

Social Service Partners:
LifeSTEPS
OC Health Care Agency
United Cerebral Palsy
Families Forward