Amcal To Build Alegre For Irvine Community Land Trust

The first Land Trust development will provide 104 affordable family apartments with 10% reserved for special needs.
By: AMCAL
 
IRVINE, Calif. - Dec. 10, 2013 - PRLog -- IRVINE, Calif., December 10, 2013 – AMCAL Multi-Housing, one of California’s leading builders of workforce and affordable housing, has just announced plans to construct Alegre, a 104-unit family affordable housing development.

AMCAL was selected as part of a competitive proposal process by the Irvine Community Land Trust.  Utilizing land provided by the Irvine Company, AMCAL will build affordable apartments within the new Cypress Village master plan located near Jeffrey Road and the I-5 freeway. AMCAL’s partnership with the Irvine Community Land Trust is a key part of AMCAL’s initiative to fulfill inclusionary housing requirements in cities across California.

“AMCAL’s longstanding success in developing high-quality, award-winning affordable housing makes them an ideal partner to collaborate on making Alegre a vibrant new community,” said Christina Shea, Chair and President of the Irvine Community Land Trust.

Alegre’s amenities include a large pool area, a children’s water splash feature, barbecue areas, children’s playground, and a large two-story community room with offices, computer lab, kitchen, media room, game room and fitness room. Residents will be provided 180 spaces of tuck-under and surface parking and ample bicycle storage.  Charging stations for electric cars will also be provided onsite.

The development is located adjacent to Cypress Park and is also near an OCTA bus line, Jeffrey Trail School, a market, pharmacy, and health clinic for resident convenience.

Once again AMCAL will partner with LifeSTEPS to provide complimentary social services for children and adults that will include computer training, job skills training, ESL classes, health and nutrition programs and parenting classes.

Alegre will be built in traditional Italianate design by architect MVE & Partners. Construction is three levels of Type V designed to LEED Gold certification.

AMCAL was awarded an allocation of $23.9 million in 9% Low-Income Housing Tax credits earlier in 2013. The Irvine Community Land Trust and the City of Irvine funded $9 million in land value and loans and MHSA provided $1.3 million. Alegre includes 22 units of 30 percent AMI, 16 units of 45 percent AMI and 65 units of 50 percent AMI affordable housing.  This will be the 58th community developed by AMCAL.

About AMCAL Multi Housing, Inc.

Based in Agoura Hills, CA, AMCAL Multi-Housing, Inc. has developed quality housing throughout California since 1978. Nationally recognized for its expertise in the workforce housing, including family and senior apartments, 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 and the Kennedy Commission for 2013 Project of the Year- Special Needs. In a major new initiative, AMCAL has begun providing housing solutions for leading market-rate developers to fulfill local inclusionary housing requirements. The value of AMCAL developments currently under construction exceeds $136 million. Since 2003, AMCAL has been awarded over $392 million in low-income housing tax credits. Since 1995, AMCAL and AMCAL General Contractors have built 46 workforce housing developments, representing over 4000 units. Additionally, AMCAL is currently looking for new land for affordable multi-family developments of 40+ units. For more information on AMCAL, please visit their social media pages at www.facebook.com/amcalhousing, www.twitter.com/AMCALMFH and the corporate website www.amcalhousing.com.

Contact
Shannon Meehan
***@nelsongilmore.com
End
Source:AMCAL
Email:***@nelsongilmore.com
Tags:Housing, Irvine, Affordable, Special Needs, Building
Industry:Home business
Location:Irvine - California - United States
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