California Community

Palo Verde Terrace, Palmdale Los Angeles Co.

Palo Verde Terrace senior apartments is located on a 2.5-acre redevelopment site at 38235 10th Street East as part of the Civic Center Master Plan in Palmdale in the Antelope Valley in northern Los Angeles County.

The development consists of 78 affordable senior units with 1-2 bedrooms, built with Type V wood construction on a concrete slab with 86 surface parking stalls.

Palo Verde Terrace is located near Courson Park, the Palmdale Playhouse, health clinics, a senior center and shopping. The development is also located along an Antelope Valley Transit Authority bus route. Amenities include a landscaped courtyard, spa and clubhouse.

The project is financed with 9% Low-Income Housing Tax Credits, allocated in 2008.

Occupancy began in 2009.

100% affordable:
8 units – 30% AMI
39 units – 45% AMI
30 units – 60% AMI
1 unit – Manager

Year Built

2009

Type

Senior

No. Units

78

Total Cost

$11,854,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Withee Malcolm

Financing

Equity

$5,800,000
Union Bank of California

Construction

$8,100,000
Union Bank of California

Permanent

$3,400,000
Union Bank of California

Agency

$1,200,000
City of Palmdale HOME

Non-Profit

W.O.R.K.S.