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
2000
Family
200
$17,350,000
AMCAL Multi-Housing
AMCAL General Contractors
Van Tilburg, Banvard & Soderbergh
$13,720,000
Verizon Housing Capital
$3,425,000
FNMA / ARCS Commercial Mortgage