ADDRESS:
450 North Foothill Drive
Yreka, CA 96097
(530) 842-2739
COUNTY: Siskiyou
PROJECT DESCRIPTION:
Las Palmas and Payne Development Corporation built this 81 unit senior apartment complex in Yreka, California, which was completed in May of 2007.
AMENITIES INCLUDE:
Recreation Building
Swimming Pool
Barbecue and picnic area
Laundry facilities
Multipurpose social room
Full-service kitchen facilities
Computer center with bi-weekly educational classes
Management office
The Emerald Pointe apartment complex is located only 22 miles from the Oregon border, and within one mile of numerous grocery stores, banks and a public library. Within walking distance is the Historical District where various unique shops and restaurants are housed in buildings constructed in the late 1800’s. Units are available to seniors earning between 30% – 60% of the area median income.
PROPERTY MGMT: Richman Property Services, INC
FINANCING:
Tax Credit Equity Investor: The Richman Group
Construction and Permanent Lender: Citibank
UNIT MIX:
81 units
Number of Units / Bedrooms / Unit Size
64 / 1 / 568 sq. ft.
16 / 2 / 750 sq. ft.
1 manager / 2 / 906 sq. ft.
100% AFFORDABLE:
Number of Units / % AMI
8 / 30%
20 / 50%
40 / 55%
12 / 60%
1 manager
RESIDENT SERVICES: More Information
