Developers: Jamboree Housing Corp. and Irvine Community Land Trust
Architect: KTGY Group, Inc.
Major Funders: The Irvine Co.; Irvine Community Land Trust; U.S. Bank; city of Irvine; Orange County
Jamboree Housing Corp. set a goal in 2011 to designate at least 10 percent of the homes at each of its new construction properties for people with special needs. Doria Apartment Homes in Irvine, Calif., is its first such integrated property.
The $18.3 million project, which is located in the upscale Stonegate master plan, features 10 units for residents who receive services through the Mental Health Services Act (MHSA) and 50 units for working families.
Much of the credit for Doria goes to Jamboree's strong partnerships, says Michael Massie, housing development director.
It is the first rental property to be developed by the Irvine Community Land Trust, which has helped lead the city's strategic housing initiative to establish a permanent source of affordable housing in Irvine. The land trust also provided $1.6 million in financing.
The Irvine Co., the developer of the Stonegate community, provided the low-income housing tax credit equity and donated the 3-acre site as part of its agreement with the city to provide aff ordable housing within Irvine's northern sphere where the master plan is located.
Additional financing included $2.7 million from Orange County, including $1 million in MHSA funding, and $404,000 from the city of Irvine.
Doria, which finished lease-up in September 2011, was completed two months ahead of schedule and nearly $1 million under budget.
Jamboree is awaiting funding for the second phase, which will be a mirror image of Doria.