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ADDRESS:
400 North Foothill Drive
Yreka, CA 96097
COUNTY: Siskiyou
PROJECT DESCRIPTION:
Las Palmas and Payne Development Corporation completed the construction of a 61 unit 9% tax credit family apartment complex in Yreka, California, in August 2006. The community is affordable to families earning between 30% - 60% of the area median income.
The on-site amenities include a community building with large multi-purpose room, computer learning center, swimming pool, barbeque area, children’s playground and tot lot.
PROPERTY MGMT: WRMC
FINANCING:
Tax Credit Equity Investor: The Richman Group, Inc.
Construction & Permanent Lender: CITIBANK
UNIT MIX:
29 2-bedroom (906 Sq. Ft.)
32 3-bedroom (1,025 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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