ADDRESS:
268 East Lake Street
Weed, CA 96094
(530) 938-0229
COUNTY: Siskiyou
PROJECT DESCRIPTION:
Mountain View Apartments was developed in partnership between Payne Development and Las Palmas Foundation, and was completed in January of 2008. The 61 units are located on 4.2 acres of lush landscaping and are available to families earning between 30% and 60% of the Area Median Income.
AMENITIES INCLUDE:
Recreation Building
Tot-lot
Laundry facilities
Multipurpose community social room
Full-service kitchen facility within community room
Computer center with bi-weekly instructor
Manager’s office
High-Speed internet in all units
The property is situated within ½ mile of a public school, library, recreational area, bus stop, full service grocery store, and pharmacy as well as numerous other amenities. The County of Siskiyou offers local bus service to all residents of the City.
PROPERTY MGMT: Richman Property Services, INC
FINANCING:
Tax Credit Equity Investor: The Richman Group
Construction and Permanent Lender: Citibank, N.A
UNIT MIX:
61 units
28 / 2 / 788 sq. ft.
32 / 3 / 1,002 sq. ft.
1 manager / 2 / 906 sq. ft.
Equal Housing Opportunity100% AFFORDABLE:
Number of Units / % AMI
6 / 30%
15 / 50%
30 / 55%
24 / 60%
RESIDENT SERVICES: More Information
