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ADDRESS:
SW corner of Meyer Street and Bear Mountain Blvd.
Arvin, CA 93203
COUNTY: Kern
PROJECT DESCRIPTION:
Las Palmas and Payne Development Corporation are building a 61 unit 9% tax credit family apartment complex in Arvin, California. The community will be affordable to families earning between 30% - 60% of the area median income.
The on-site amenities will include a community building with large muti-purpose room and computer center, swimming pool, barbeque area, children’s playground and tot lot.
The community is ½ mile away from the elementary, middle and high schools, and is within walking distance of a grocery store, bank, library and post office.
PROPERTY MGMT: WRMC
FINANCING:
Tax Credit Equity Partner: The Richman Group
Construction Lender: TBD
Permanent Lender: TBD
UNIT MIX:
33 2-bedroom (788 Sq. Ft.)
28 4-bedrooms (1,200 Sq. Ft.)
 100% AFFORDABLE:
6 units – 30% AMI
15 units – 50% AMI
30 units – 55% AMI
9 units – 60% AMI
RESIDENT SERVICES: More Information
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