Vista Terraza is a new apartment complex built on a podium above a parking garage in the Torrey Highlands planned community in northern San Diego County. Developed in collaboration with the D.R. Horton Company, the project is sponsored and managed by National Community Renaissance, Inc., one of the largest regional non-profit developers and managers of affordable housing in southern California.  All of the units are eligible for tax credits, and nearly half the units are restricted to families with incomes at or below 35% of Area Median Income.  Rents are substantially below market rates, and the property rapidly leased up.  Surrounded by a community of high-end condominiums and a new shopping center, Vista Terraza offers an affordable housing alternative in a high-priced neighborhood.

 

Hudson Housing is a stanch supporter of economically diverse communities.

 

• Type of Project…………Family
• Sponsor…………………National CORE
• Total Project Cost………$27,340,000

• Number of Units…………..123
• Date Closed……………….May, 2005
• Total Hudson Equity………$10,500,000