SIERRA VISTA Phase I
Sierra Vista: Phase I
Type of Development
25 one-bedroom units
36 two-bedroom units
39 three-bedroom units
15 four-bedroom units
543 – 1,368 sq. ft.
HACSJ Redevelops HACSJ’s Oldest Public Housing Development
Delta Community Development Corporation, a 501c3 nonprofit public benefit corporation (formerly known as Villa Real, Inc.) an affiliate of the Housing Authority of the County of San Joaquin (HACSJ), and Central California Housing Corporation (CCHC), has begun developing a large multifamily apartment complex, known as Sierra Vista I Apartments. This project will take place on the site of HACSJ’s oldest multi-family public housing development, Sierra Vista Homes, located south of. Dr. Martin Luther King Jr. Blvd. (formerly Charter Way).
The redevelopment comes after HACSJ received $24.3 million in highly competitive 9% low-income housing tax credits (LIHTC) as part of the financing structure for its first phase. The project will utilize both public housing subsidy and Housing Choice Project Based Vouchers to maintain affordability.
“This $34 million dollar project is the first of a multi-phase redevelopment of Sierra Vista Homes that will protect over $1M dollars of annual rental subsidy that provides critical rental assistance to what would otherwise be severely rent-burdened families,” said Housing Authority Executive Director, Peter W. Ragsdale.
The LIHTC award, along with capital contributions from HACSJ, will provide for the first phase, which will see the construction of 115 one-bedroom to four-bedroom modern, energy efficient units (including solar). Square footages range from approximately 543 sq. ft. to 1,368 sq. ft. These will replace 63 units and will include demolition of an additional 27 barrack-style units. HACSJ previously demolished 36 units in 14 buildings in 2015. Relocation was previously facilitated for the 36 units, and a relocation plan has been prepared for the additional 27 units.
The target population primarily consists of residents from the City of Stockton and County of San Joaquin who are income qualified. One hundred percent of the units will be rent restricted to individuals and families with incomes ranging from 30% to 50% of the area median income. There will be 82 Project Based Vouchers (PBVs) and 32 Public Housing (ACC) units layered with the Low Income Housing Tax Credits (LIHTCs).
The development will also include a community building in addition to recreational open space. A network of walkways will connect the site along with play field areas and tot lots for the residents. The community building is proposed to include a fully furnished multipurpose room, a kitchen, restroom facilities, manager and social service offices, a large activity/lounge area, and a maintenance shop. There will also be a swimming pool and a laundry facility for the residents.
The buildings are proposed to be designed as two-story structures with stucco serving as the exterior finishing. All aspects of the buildings and their designs will comply with quality construction standards to ensure longevity and safety. In addition, the project will provide a 40% offset of tenants’ electricity and 100% of the common area electricity through the incorporation of a photovoltaic system.
All units will incorporate universal design elements, which include, but are not limited to: no-step entries, minimum 34-inch doorways and passageways, accessible bathrooms with reinforced grab bars, hallway widths of at least 42-inches, and levered door handles and faucets. Additionally, 5% of all first floor units will be fully accessible and adaptable for individuals requiring adjustments for ADA accessibility. Within each unit, residents will directly benefit from standard features such as Energy Star® rated refrigerators and dishwashers, low flow toilets, sink disposals, ranges with ovens, plentiful storage space throughout the units, as well as washer and dryer hookups.
Our financing application for Low Income Housing Tax Credits (LIHTC) to the California Tax Credit Allocation Committee (CTCAC) was made on March 1, 2017 and we anticipate an allocation on June 7, 2017. We have already launched into the development of the design with the architects, engineers, and contractors and anticipate beginning relocation and construction early December of 2017 and completion in early 2019.
The total development costs are expected to be over $35 million with over $22 million in tax credit equity (through the sale of LIHTCs). HACSJ is contributing over $5 million between loan funds and the value of the land and the remainder will be in the form of a mortgage associated with the development.