Santa Fe replaces a rundown hotel in central Bakersfield with a vibrant mixed-use development.
Santa Fe, which is AMCAL’s first development in Kern County, consists of 3,150 sf of retail along Union Avenue and 56 units. Construction is three levels of Type V wood with surface parking of 87 spaces. Site area is 2.6 ac. (21 dua).
The Spanish/Mediterranean-inspired design complements the neighborhood.
Santa Fe is near a Golden Empire Transit District bus route, Lowell Park, McKinley Elementary School, Bakersfield Community Health Clinic, markets, and pharmacies.
Santa Fe is financed with a $7,130,780 allocation of 9% Low-income Housing Tax Credits in 2008, conventional debt and public funds from the City of Bakersfield RDA.
Construction began in 2010.
100% affordable:
6 units – 30% AMI
6 units – 40% AMI
28 units – 50% AMI
15 units – 60% AMI
1 managers unit
2011
Mixed-use Family and retail
56
$11,673,000
AMCAL Multi-Housing
AMCAL General Contractors
The Vincent Co.
$7,030,000
$2,900,000
Chase
$1,485,000
California Community Reinvestment Corp.
$2,000,000
RDA HOME
$400,000
RDA loan
Las Palmas Foundation