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AMCAL Completes 69 New Affordable Apartments in Partnership with City of Santa Ana

With $8.5 million in funding from the city of Santa Ana, AMCAL Multi-Housing, Inc. has completed the construction of First Street Apartments — a 69-unit high-quality affordable apartment community developed in partnership with the City of Santa Ana.

To make this project possible, the Santa Ana City Council approved a loan for $8.5 million in affordable housing funds. Combined with low-income housing tax credits, construction of the project was able to begin in April 2018 with the demolition of an older, deteriorating office building. The project was completed and the new tenants moved in by late last year.

First Street Apartments is part of a revitalization effort to develop residential uses along the First Street corridor — a key gateway for the City of Santa Ana. The development is located at 1440 E. First St., which is adjacent to a public school, a quarter mile from an OCTA bus stop, within a half mile of the Santa Ana Zoo and less than a mile from a Kaiser Permanente hospital.

“The lack of affordable housing is a growing crisis in Orange County and throughout California,” said Councilmember Vicente Sarmiento, who represents Ward 1 where the project is located. “By investing in development that supports the needs of working families, the City of Santa Ana is planning for a future in which everyone has a place to call home.”

The new apartment community was constructed on approximately 2.16 acres and has apartments ranging in size from 782 to 1,219 square feet, with two-, three- and four-bedroom units for larger families, which are rare and needed in Santa Ana. Rents range from $741 for a two-bedroom apartment to $1,984 for a four-bedroom apartment. Half of the units are reserved for extremely low-income households earning 30% of the Area Median Income.

“First Street Apartments will improve the lives of some of the most vulnerable members in our community while revitalizing a major corridor into the city,” Mayor Pro Tem Juan Villegas said.

Councilmember David Penaloza added: “First Street Apartments serves as a testament to Santa Ana’s commitment to provide quality affordable housing for local families.”

Residents in the project were chosen through a lottery process that had over 1,100 applications. The deadline to apply has passed and the building is fully occupied.

“Before living at First Street Apartments, I found myself struggling financially to pay rent,” said Diana Huaynate, 32, who has three sons. “I was living paycheck to paycheck, even sometimes that was not enough.”

Ms. Huaynate, who was born and raised in Sana Ana, said she’s seen the city’s rent prices skyrocket.

“I am happy and blessed to be a resident at First Street Apartments,” she said. “Not only is the rent manageable, but it offered me and my kids a space of our own; the property is so nice, it has its own park, laundry facilities, bike storage for my sons’ bikes, and they offer social services and lots more amenities that you wouldn’t have unless you paid a lot in rent.”

First Street Apartment is unique in that it will serve large families with contemporary living features that include balconies and patios, parking garages, and modern bathrooms and kitchens. The outdoor community features include an open courtyard with seating areas for residents, a barbeque area, a tot lot for children to play and a community garden.

The community consists of six residential buildings and a community laundry facility. Residents have access to a community room and a computer lab that provides space for educational and social services for residents. Social services include adult education and health services such as computer training, job training, English-as-a-second language classes, nutrition programs and parenting classes.

Click here to see more about this project and for a link to the project’s leasing website.

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AMCAL Gets Started on a Veterans Housing Project in Pomona

January 7, 2020 Agoura Hills, CA — AMCAL Multi-Housing, Inc. announced today that it has closed financing and has started construction on Veterans Park Apartments — a high-quality affordable apartment community being developed in Pomona for veterans.

Veterans Park Apartments is an affordable multi-family apartment complex with modern amenities that will consist of 61 apartments ranging in size from 600 to 1,100 square feet located at 444 W. Commercial Street. Veterans Park will include 25 one-bedroom apartments with one bath, 15 two-bedroom apartments with two baths, and 20 three-bedroom apartments with two baths. One apartment will be reserved as an unrestricted manager’s unit.

Veterans Park Apartments was awarded $1.8 million in annual federal tax credits by the California Tax Credit Allocation Committee.

Rents will range from $545 a month for a one-bedroom apartment to $1,519 for a three-bedroom apartment, which are affordable for households earning between 30 and 60 percent of area median income. The community will welcome veterans with Housing Choice Vouchers (HCV) issued from the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program.

Veterans Park is AMCAL’s third apartment community in Pomona. AMCAL previously completed two communities for seniors in Pomona — Serenity Villas in 2002 and Portofino in 2005. Read more about the project here.

See a press release about the project that was published in the Inland Empire Business Journal here.

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AMCAL Ranks 18th on a National Top Developer List

AMCAL was just ranked 18th on the list of top development firms by Commercial Property Executive and Multi-Housing News.

Since 1978, the AMCAL Group of Companies have developed more than $2.5 billion in high-quality multifamily housing projects consisting of more than 7,000 units throughout California, Texas and Washington. AMCAL has been consistently recognized for its solid financial performance and strong, conservative balance sheet which has enabled it to partner with some of the world’s leading financial institutions including Barings Multifamily Capital, Bank of America, JPMorgan, Comerica, Star America, Anchor Capital and many others.

See the top developer article and list at this link.

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Long Beach breaks ground on Las Ventanas, a 102-unit affordable housing complex

AMCAL celebrated the groundbreaking of Las Ventanas, a 102-unit affordable housing development in Midtown Long Beach on Thursday, June 6, along with representatives from the City of Long and the Long Beach Community Investment Company.

Las Ventanas will feature a mix of one- two- and three-bedroom units for individuals and families earning between 30 and 60 percent of the area median income, including 15 units reserved for households experiencing homelessness or at risk of experiencing homelessness. The building will utilize clean technologies, with a third of the project’s energy coming from solar panels. 

“We are extremely pleased to be starting construction on this beautiful, new affordable housing community that will serve Long Beach residents with transit-friendly, high-quality apartment homes,” said Percy Vaz, CEO of AMCAL. “Future residents will have immediate access not only to the Blue Line to transport them into downtown LA, but they also will be able to get a quick coffee or snack in the retail space that’s planned on site. We are proud to be partnering with the City of Long Beach on this well-situated project that is being designed to LEED Gold energy-efficiency standards.”

Residents will have access to 8,167 square feet of outdoor recreation space along with a computer lab and community room on the ground floor. The development also will offer nearly 4,000 square feet of ground floor retail adjacent to the Metro Blue Line PCH station.

Read more about the project at this link. Also read an article about the project in the Long Beach Press Telegram.

(Photo–Left to right): John Thomas, Board Chair, The Long Beach Community Investment Company; Alex Pratt, VP of Development, AMCAL Multi-Housing, Inc.; Robert Garcia, Mayor, City of Long Beach; Tyler Curley, Chief of Staff, District 1, City of Long Beach; Linda F. Tatum, Director, Long Beach Development Services; Dennis Murata, District Chief, Service Area VIII, Los Angeles County Department of Mental Health

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AMCAL Ranks #15 on the List of the Top 50 Affordable Housing Developers of 2018

The AHF 50: Development Surge

By Donna Kimura

This year’s AHF 50 Developers stepped up production despite higher development costs.

With the uncertainty of tax reform in the rearview mirror, affordable housing developers charged forward in 2018.

This year’s group of AHF 50 Developers started construction on 257 developments with 32,069 affordable housing units, easily outpacing last year’s group, which started 231 developments with 22,540 units.

The AHF 50 is led by Eagle, Idaho–based The Pacific Cos., which has consistently been among the top affordable housing developers in the nation. It takes the top spot after breaking ground on 15 projects with 2,501 units in 2018.

The Pacific Cos. was one of many firms to significantly boost its production levels. One likely reason for the higher numbers is that many 2017 deals were slowed by the disruption in the low-income housing tax credit (LIHTC) market caused by the uncertainty of tax reform for most of that year. Those projects got back on track in 2018 once a tax plan was approved and the industry began to adjust to the market changes.

See the rest of the article at this link.

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Push For Affordable Housing On MTS Land Showing Results

Our Villa Encantada project in San Diego was mentioned in this article about transit-oriented developments.

MTS officials recently authorized negotiations with a development team seeking to build affordable housing on an underutilized trolley station parking lot. If approved, the proposal would more than triple the number of middle-income homes approved in San Diego since 2010.

This comes less than six months after MTS updated its real estate policy to encourage more housing near transit stations—an effort that appears to be showing some results.

The plan for the Palm Avenue station parking lot came from National CORE, a nonprofit affordable housing developer, and Malick Infill, a for-profit firm specializing in transit-oriented development. The team is proposing 150 homes for low-income households and 100 homes for middle-income households, along with retail and commercial space and parking for trolley passengers.

The MTS executive committee voted March 14 to start negotiations with the development team, after a 30-day window in which staff sought competing proposals but received none. The development team declined an interview request while negotiations are ongoing.

Read more by clicking here.

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AMCAL’s Los Angeles – Florence Project is Featured

In unincorporated Florence, AMCAL Multi-Housing Company has proposed redeveloping a County library as part of a mixed-use affordable housing complex.

The project, slated for a one-acre site at 1600-1616 E. Florence Avenue, would create a five-story building featuring 116 units of senior affordable housing, as well as a replacement library at its ground floor.

VTBS Architects is designing the building, which would rise one block west of the Blue Line’s Florence Station.

The $51-million project is seeking approximately $7 million in County funding.

Read more of the article in Urbanize.la.

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AMCAL Receives 40th Anniversary Commendation from the City of Los Angeles

AMCAL is happy to have received a special commendation from City of Los Angeles Mayor Eric Garcetti on AMCAL’s 40th Anniversary. It reads:

On behalf of the City of Los Angeles, I am pleased to extend congratulations to Percy and Lux Vaz, upon the 40th anniversary of AMCAL. With recognition of the various contributions made to Affordable, Student and Market Rate over the past 40 years. I commend your strong work ethic to service and to always placing the community first.

 

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Under Construction – Ramona Avenue Extension in Sacramento Will Link AMCAL’s Student Housing Community to Sac State

On Thursday, April 5, Mayor Darrell Steinberg, Councilmember Jeff Harris, Councilmember Eric Guerra, Assembly member Kevin McCarty, and community partners broke ground for the Romona Avenue Extension Project.

This project, along with the upcoming work on Folsom Boulevard, will enhance safety for all modes of transportation — especially for those commuting to and from Sacramento State University. Construction will begin Spring 2018 and is anticipated to be completed by September 2018.

This project not only enhances safety along Folsom Boulevard, but will also connect to a 225-unit student housing project, The Crossings. The housing community will provide 750 beds to serve the students of Sacramento State.

Additionally, the Crossings is being constructed within the 240-acre Sacramento Center for Innovation Specific Plan, an area that is designated to foster the exchange of technical knowledge and expertise between students, faculty and innovative businesses and technology companies.

Read more about the project here.