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AMCAL Multi-Housing inc. Breaks Ground on Workforce Senior Apartments in South Los Angeles

$6 Million in TCAC Funds Awarded to AMCAL to build 46-Unit Sunrise Apartments

 
Jan. 31, 2012 - PRLog -- Media Contact: Nelson & Gilmore
Lisa Layne, llayne@nelsongilmore.com


AMCAL Multi-Housing Inc., one of California’s leading builders of workforce housing, will celebrate the groundbreaking of Sunrise, a 46-unit senior workforce apartment development. The event begins at 11:30 with opening remarks from Maurice Ramirez, AMCAL Vice President of Operations & Development. Speakers will include Los Angeles City Councilmember Jan Perry, AMCAL CEO Percival Vaz and AMCAL President Arjun Nagarkatti.

Replacing an underutilized site on a commercial corridor in South Los Angeles, Sunrise will feature a community room with kitchenette and lounge, centralized laundry facilities, landscaped common area with barbeque grills and outdoor seating.

“As the cost of living continues to soar, it is especially important to provide an affordable housing option for senior citizens who are on fixed incomes,” said Percy Vaz, CEO of AMCAL. “Sunrise gives seniors an option that not only offers a high2 quality residence, but also a convenient location, great amenities and a variety of free social services to enhance their lives.”

A 100 percent affordable building, Sunrise will feature one- and two-bedroom units, and will be offered to seniors whose household income ranges between 30 percent and 60 percent of the Area Median Income.

Conveniently located near South Park and Junipero Serra Library, Sunrise is situated near a grocery store and medical offices. Like all AMCAL developments, LifeSTEPS will provide complimentary social services for residents including computer training, education, legal referrals, tax preparation referrals, and health and nutrition programs.

Sunrise will be a LEED Silver certified development, implementing many green building practices, including water conservation, waste reduction and improved indoor air quality. Drought tolerant and native plants will be used in the community’s landscaping to conserve water, while high-efficiency and low flow toilets and faucets will be installed in each apartment. To reduce waste, unused construction material will be recycled. Locally-produced products will also be used where possible to reduce energy and pollution from transportation. To improve indoor air quality, AMCAL will use interior paint with no volatile organic compounds (VOCs) which affect smog and ground-level ozone pollution, and install the Carpet and Rug Institute’s Green Label low-VOC carpet and pad, which help to reduce emissions while contributing to the growing use of recycled content for building materials. Additional green features for Sunrise are listed below:

GREEN FEATURES FOR SUNRISE

LOCATION AND LINKAGES
Because these units are within walking distance of many basic resources like banks, churches, and grocery stores this means less driving and less driving means fewer carbon emissions that are damaging to the environment.

WATER SAVING ELEMENTS
1. LANDSCAPING
The landscaping at Sunrise Terraces is designed to save water: No turf was used, 45% drought-tolerant plants were planted and low flow drip sprinklers were installed. This will reduce the water budget by 50%. Here in Southern California water is a resource we need to conserve so landscaping that uses less water is one way to do this.

2. WATER SAVING FIXTURES
Water Saving fixtures are in all of the bathrooms at Sunrise Terrace: Every bathroom has a low-flow faucet and low-flow toilet. This means that every time you use the toilet or wash your hands or take a shower you are using less water.

HUMIDSTAT BATHROOM FAN
Each bathroom also comes equipt with an Energy Star bathroom fan. This fan has a sensor that can tell how much moisture is in the air and turns on automatically, which in turn improves the air quality and prevents mold.

LIGHTING
Lighting fixtures were installed in all the units that use less electricity, and therefore, reduce our dependence on fossil fuels and reduce the amount of harmful emissions released into the environment. It also helps to reduce the electric bill.

ENERGY STAR APPLIANCES
Energy Star appliances are in every unit: Energy Star Refrigerators, Energy Star Dishwashers and Energy Star clothes washer in Community Room.

MATERIALS
Many materials that are normally used in construction contain toxic chemicals. At Sunrise the carpet, the adhesive used to glue the carpet down and the paint on all the walls were all Low VOC, which means they contain much fewer toxins than most carpets and paint.

CARBON MONOXIDE MONITOR
At Sunrise, each unit has a Carbon Monoxide monitor installed so if for some reason there is carbon Monoxide in the air, an alarm will go off.

Sunrise is financed with an allocation of $6 million in nine percent Low-Income Housing Tax Credits from the California Tax Credit Allocation Committee (TCAC), which administers two low-income housing tax credit programs – a federal program and a state program. Both programs were authorized to encourage private 3 investment in affordable rental housing for households meeting certain income requirements.

With assistance from Perry, AMCAL was able to secure funding from the Community Redevelopment Agency of Los Angeles and the Los Angeles Housing Department. Combined with funding from the California Department of Housing and Community Development Infill Infrastructure Grant, and the Housing Authority of the County of Los Angeles, AMCAL received a total of $6.5 million to build Sunrise. Equity is provided by Hudson Housing Capital, and the construction and permanent financing lender is Citibank, N.A.

Sunrise is scheduled for completion in Spring 2012. AMCAL General Contractors is the general contractor. In addition to multiple apartment developments for low-income families and seniors, AMCAL is currently under construction on six new tax-credit developments that were awarded in 2009 and three tax-credit developments awarded in 2008. These developments include Mosaic, a mixed-use workforce development in Los Angeles; Mirandela, Rancho Palos Verdes’ first workforce housing development; and Montecito Terraces, a Los Angeles development that received American Recovery and Reinvestment Act federal stimulus funds. Tax-credit investors includeBank of 4 America Merrill Lynch, JP Morgan Chase, Hudson Housing Capital and Union Bank of California.

In 2009, AMCAL completed new workforce housing communities in San Diego, Oakland, Eastern Los Angeles and Palmdale. Since 1995, AMCAL has completed 33 communities with 3,139 units, valued at $576 million dollars.

ABOUT AMCAL MULTIHOUSING, INC. Based in Agoura Hills, CA, AMCAL Multi-Housing, Inc. has developed quality housing throughout California since 1978. In recent years, AMCAL has focused on the workforce housing sector, including family and senior apartments, as well as for-sale housing in emerging urban neighborhoods. Nationally recognized for its expertise in workforce housing, AMCAL has received honors from leading magazines and associations including Multifamily Executive for Editors’ Choice and Project of the Year – Best Mixed-Income, as well as NAHB for Innovation in Workforce Housing.  As a third party general contractor, AMCAL General Contractors can provide developers with the resources and leadership they need to build homes on time and within budget. For more information on AMCAL, please visit http://amcalhousing.com.

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Nelson & Gilmore is a full service marketing communications firm specializing in retail marketing. The Agency holds a unique position with its profound breadth of experience.

www.nelsongilmore.com

The Agency focuses on four core market segments:
LUXURY AND SUPER-LUXURY HIGH RISE RESIDENTIAL
RESORT
HOSPITALITY

A third focus is mixed use hospitality projects in an urban setting with condo, hotel and retail components. A talented Agency account team provides full PR and marketing services including entitlement issues, outreach to surrounding homeowner groups and innovative Web 2.0 techniques to market the for sale component.

Nelson & Gilmore has more active projects in more urban Los Angeles neighborhoods than any other agency.

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Source:Nelson & Gilmore, Redondo Beach
Location:Redondo Beach - California - United States
Industry:Real Estate
Tags:Amcal, Nelson Gilmore, Sunrise Apartments
Last Updated:Jan 31, 2012
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