Construction has started on a 264-unit affordable housing community in northern Los Angeles County.
Under development by USA Properties Fund, Terracina at Lancaster will provide one- to four-bedroom homes to families earning 50% to 60% of the area median income (AMI).
Located in Lancaster, the development will have 11 three-story buildings that surround a community space with play and recreation areas. Apartments will include energy-efficient appliances and light fixtures, ceiling fans, and low-flow faucets, showers, and toilets. Ground-floor apartments will have a patio, with a balcony for those on the second- and third-floor units.
Residents will be able to enjoy a pool, picnic and barbecue areas with shade structures, a tot lot, and a sports court for basketball, four-square, hopscotch, and tetherball. The development will also include a community room with a hospitality kitchen, a computer area, a fitness room, and on-site laundry facilities. Walking paths with benches along the way are part of the 11-acre community.
“It’s really designed around a huge community space,” said Leatha Clark, project manager for USA Properties. “We’re building a very family-friendly community.”
Terracina at Lancaster will offer an after-school resources room, a flexible space where children can do homework or residents can enjoy hobbies or learn new skills.
Social services provider LifeSTEPS will have a counselor and resources available for residents, who will also have access to The JB Brown Fund, an effort between USA Properties and LifeSTEPS that provides college and youth sports scholarships and financial assistance to residents for unexpected emergencies.
Construction on the $81 million development started in mid-May. JPMorgan Chase and WNC are investment partners.
Terracina at Lancaster is the fourth apartment community under construction by USA Properties in Southern California, joining affordable housing developments in Panorama City and Simi Valley. The 40-year-old company, one of the largest affordable apartment community developers in the West, also has a market-rate project in the works in Simi Valley.
The four apartment communities will have a combined 814 units and a total cost of about $275 million.Headquartered in Roseville, California, USA Properties has developed or acquired more than 13,500 units of family and senior apartments in over 100 apartment home communities throughout California and Nevada.
