ADDRESS:
40606 Road 128
Cutler, CA 93615
(559) 528-6202
COUNTY: Tulare
PROJECT DESCRIPTION: Las Palmas and Payne Development Corporation completed a 61 unit affordable family apartment complex on 4.32 acres in Cutler, California, in May 2007. The community is affordable to families earning between 30% – 60% of the area median income.
Previously a citrus orchard, Rosewood Villas includes a swimming pool, barbeque area, tot lot playground, and multi-purpose community room which provides a computer learning center, as well as educational classes.
The Community of Rosewood Villas is located within half a mile to Cutler Elementary School, a 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
