Mirandela is the first affordable community in Rancho Palos Verdes with opening in 2011.
The Mediterranean-style development is located on a hillside of 2.9 acres and consists of an L-shaped building with 34 affordable seniors units of 1 and 2 bedrooms. Extensive grading was required. Entitlements included a CUP, Zone Change and Zone Text Amendment.
Construction is two levels of Type V wood construction with surface parking. Design is Title 24 +15% energy efficiency.
Mirandela is conveniently located near PVPTA and MTA bus stops, Highridge Park, Palos Verdes Library, Palos Verdes Medical Center, pharmacies, and a grocery market. Amenities include a barbecue and seating area in the back yard, and 1,400-s.f. community clubhouse with a computer lab and media room.
The project is financed with an allocation of $7,273,000 in 9% Low-Income Housing Tax Credits in 2009, and City of Rancho Palos Verdes RDA funds.
Construction began in 2009.
100% affordable:
7 units – 30% AMI
1 unit – 40% AMI
17 units – 50%
2011
Senior
34
$12,969,000
AMCAL Multi-Housing
AMCAL General Contractors
Withee Malcolm
$5,309,000
Bank of America
$2,888,000
Bank of America
$689,000
Bank of America
$6,790,000
City of Rancho Palos Verdes RDA
Las Palmas Foundation