AMCAL News Articles

March 03, 2010

Construction Starts on New ‘Affordable’ Housing Project

By Kyle Lazarus, Selma Enterprise

More affordable housing is coming to Selma after developers broke ground Feb. 23 on an 81-unit complex near the intersection of Stillman and Chandler streets.

AMCAL Multi-Housing Inc. and Better Opportunities Builder broke ground on Cordova, an upcoming family housing development located in Selma. It is AMCAL’s first project in Selma. The project is expected to be completed before 2011, hopefully during the summer. “It’s been a tough year for some of us developers,” said Maurice Ramirez, AMCAL vice president of operations.

“Cordova is the little project that could, and it can and it’s doing it.” The site was acquired in 2007 and AMCAL applied for money the same year. The organization was finally was granted tax credits in 2008 after being turned down twice “because investors wanted to invest in urban areas.”

Designed by The Vincent Company, Cordova will consist of 81 two-to-four bedroom “affordable” family units on 5.6 acres. The “affordable” relates to Cordova being available to residents who earn 30 to 60 percent of the area median income — about $35,000 per household per year.

Cordova will also include a barbecue and seating area in the courtyard and a 1,400-square-foot community clubhouse with a computer lab. Residents will have access to complimentary social services, such as tutoring and English and second language classes.

Financed with more than $9 million in 9 percent low-income housing tax credits from the American Recovery and Reinvestment Act funds, Cordova will be financed by U.S. Bank, Citibank, county of Fresno HOME funds and city of Selma Redevelopment Agency. Selma Mayor Dennis Lujan spoke at the groundbreaking ceremony, commending the dedication of the people involved in the project.

“The location, anything’s going to be an improvement here, and I know it’s going to be an outstanding project,” said Lujan.

Crews were already digging out dirt and preparing the site for construction. Frank Chang, AMCAL project manager said Selma city manager D-B Heusser has been instrumental to the project. He also thanked the city council. He said the project is going to be something the city will be proud of.

AMCAL Multi-Housing Inc. has developed housing throughout California since 1978. In recent years, AMCAL has focused on the affordable housing sector, including family and senior apartments, as well as for-sale housing in urban neighborhoods. Since 2003, AMCAL has been awarded more than $350 million in low-income housing tax credits.

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