ADDRESS:

Eastside of Highway 63 (Road 128) – South of Avenue 408
Cutler, CA 93615

COUNTY: Tulare

PROJECT DESCRIPTION: Las Palmas and Payne Development Corporation are building a 61 unit affordable family apartment complex on 4.32 acres in Cutler, California, which will be completed in March 2007.  The community will be affordable to families earning between 30% - 60% of the area median income. 

Previously a citrus orchard, Cutler Family Apartments will include a swimming pool, barbeque area, tot lot playground, and multi-purpose community room which will provide a computer learning center, as well as educational classes.

The Community of Cutler Family Apartments is located within half a mile to Cutler Elementary School, park and fire station.

PROPERTY MGMT: WRMC

FINANCING:

Tax Credit Equity Partner: The Richman Group

Construction Lender & Permanent Lender: Citibank

UNIT MIX:

61 units
28 – 4 bedrooms
32 – 3 bedrooms
  1 -  2 bedroom (mgr. unit)

100% AFFORDABLE:
6 units @ 30% AMI
15 units @ 50% AMI
30 units @ 55% AMI
9 units @ 60% AMI

1 unit - manager

RESIDENT SERVICES: More Information

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