Affordable Housing Finance: Developers Complete Workforce Housing Community in Orange, Calif.

Affordable Housing Finance: Developers Complete Workforce Housing Community in Orange, Calif.
January 8, 2018 Peter

Located in Orange, Calif., Lemon Grove Apartments features 82 apartments with rents affordable to working families earning 60% of the area median income and less. The community was built by the Orange Housing Development Corp. and C&C Development.A former industrial site has been transformed into the Lemon Grove Apartments, a workforce housing development, in Orange, Calif. Built by the Orange Housing Development Corp. and C&C Development, the community consists of 82 apartments for families earning between 30% and 60% of the area median income, starting at $537 a month for a family of four. Within walking distance of bus stops, retail stores, schools, and community parks, Lemon Grove was developed on the site of a 1965 industrial facility that was demolished for the new residential project. The development is adjacent to Citrus Grove, a 57-unit workforce housing property built by Orange Housing Development and C&C Development in 2010. The joint-venture partners say they are the largest providers and managers of affordable housing in the city of Orange. During the past two and a half decades, the partnership has built, and continues to own, 557 units of workforce housing in the city. Redevelopment of industrial and other nonresidential sites is a key provision in the city’s Housing Element.

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