California Community

Maywood Villas, Maywood Los Angeles County

Maywood Villas is a 54-unit senior affordable housing development with one-and two-bedroom units. Maywood Villas was built on a 20,000-s.f. vacant site near urban amenities and services, helping to revitalize the area in the southeast Los Angeles county city and provide needed senior housing. The community is funded by an allocation of $5,296,000 of 9% Low-Income Housing Tax Credits and institutional equity and debt. Amenities include a community recreation room and an interior green open courtyard. Space for three retail suites is provided at ground level, to provide convenient services for residents and add pedestrian activity to the street. Construction is a Type V wooden structure with four levels of residential over a Type 1 concrete podium with secure at-grade parking for residents and commercial patrons. Occupancy began in 2007.

100% affordable:
6 units – 30% AMI
6 units – 40% AMI
27 units – 50% AMI
14 units – 60% AMI
1 unit – Manager

Photos

Year Built

2007

Type

Senior

No. Units

54

Total Cost

$9,035,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

PSA Architects

Financing

Equity

$4,483,000
SunAmerica Affordable Housing Partners
$170,000
AMCAL Enterprises

Construction

$1,210,645
California Bank and Trust

Permanent

$1,211,000
California Community Reinvestment Corp.
$1,350,000
City of Maywood

Agency

Non-Profit