California Community

Casablanca Family Apts, Palmdale Los Angeles County

Casablanca Apartments are located at 40th Street East and Avenue R in northern Los Angeles County’s Antelope Valley.

This affordable multi-family development has 200 units split between two-and three-bedroom apartments.

Amenities include a pool, tot lot and recreation center. The site is 12.5 acres, and the housing is conveniently located near shops and parks.

Financing is via 9% Low-Income Housing Tax Credits and private and developer equity with traditional bank loans for construction and permanent sources.

Occupancy began in 2000.

100% affordable:
198 units – 40% AMI
2 units – Manager

Photos

Year Built

2000

Type

Family

No. Units

200

Total Cost

$17,350,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Van Tilburg, Banvard & Soderbergh

Financing

Equity

$13,720,000
Verizon Housing Capital

Construction

Permanent

$3,425,000
FNMA / ARCS Commercial Mortgage

Agency

Non-Profit