California Community

Portofino Villas, Pomona Los Angeles Co.

Portofino Villas consists of 174 senior affordable apartments accessed by elevators in a three-story, garden-style design.

The site is 4.7 acres at Garey Avenue and Phillip Boulevard in the suburban city of Pomona in eastern Los Angeles County.

The site is conveniently located a half-mile from City Hall and the MetroLink rail station in downtown Pomona. The landmark Jules Hugues Winery, which is planned for renovation, is nearby.

Financing is via 9% Low-Income Housing Tax Credit equity.

Occupancy began in 2005.

100% affordable:
18 units – 30% AMI
18 units – 40% AMI
86 units – 50% AMI
50 units – 60% AMI
2 units – Manager

Year Built

2005

Type

Senior

No. Units

174

Total Cost

$17,105,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Van Tilburg, Banvard and Soderbergh

Financing

Equity

$11,713,000
SunAmerica Affordable Housing Partners

Construction

$5,400,000
California Bank and Trust

Permanent

$5,463,000
California Community Reinvestment Corp.

Agency

Non-Profit

Foundation for Affordable Housing