California Community

Villa Esperanza, Avenal, Kings County

Villa Esperanza was developed on a 5.67-acre vacant site in Avenal on Alpine Street near Highway 269. The community is conveniently located near Floyd Rice Park and Avenal Recreation Center, Avenal High School, Avenal Community Health Center, Avenal Branch Library and Kings County Area Public Transit bus route. Amenities include ample open space, pool and clubhouse. The development includes 81 affordable family units with 2-4 bedrooms, build with Type V wood construction on a concrete slab with 162 surface parking stalls. The design exceeds Title 24 Energy Efficiency standards by 15%. The project was one of AMCAL’s first in the San Joaquin Valley. It was financed with an allocation of over $10,000,000 in 9% Low-Income Housing Tax Credits in 2006. Occupancy began in 2008.

100% affordable:
8 units – 30% AMI
8 units – 40% AMI
64 units – 50% AMI
27 units – 60% AMI
1 unit – Manager

Photos

Year Built

2008

Type

Family

No. Units

81

Total Cost

$12,657,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

R.L. Davidson

Financing

Equity

$10,561,870
SunAmerica Affordable Housing Partners
$476,000
AMCAL Enterprises

Construction

$5,534,135
Chase

Permanent

$1,700,000
California Community Reinvestment Corp.

Agency

Non-Profit