Featured Properties

Hudson Housing Deals:

 

HOUSING SENIORS IN STYLE

Serenity Villas

The suburban communities east of Los Angeles are becoming a magnet for retirees, and the need for affordable apartment units for seniors is rapidly outstripping supply.  AMCAL, a successful southern California developer based in Thousand Oaks, was able to locate an excellent site in Pomona to construct this apartment complex for residents 55 years of age and older.  The one and two-bedroom units are restricted to residents with incomes of 50% and 60% of Area Median Income, and the rents are 30% lower than at comparable market rate complexes in the area.  The project achieved 100% occupancy in 90 days.

Hudson Housing believes that housing for seniors should be well designed and located in convenient locations.

  • Type of Project…………Seniors
  • Sponsor…………………AMCAL
  • Total Project Cost………$14,680,000
  • Number of Units…………..174
  • Date Closed……………….November, 2001
  • Total Hudson Equity………$4,800,000