Development Targets Low Income Families and Veterans
Affirmed
Housing will celebrate the grand opening of Eastgate
today at 11am. Located at 16 Creekside
Drive, San Marcos, CA 92078, Eastgate is an affordable community serving low
income families and veterans. The ribbon
cutting event will feature speakers: Mayor Jim Desmond, City of San Marcos;
James Silverwood, President & CEO of Affirmed Housing; and Michael Gaber,
COO of WNC, among others. A signature
Affirmed Housing project, Eastgate offers sustainable, affordable housing
paired with on-site services to improve the quality of life of its residents.
Eastgate
consists of 42 units in studio, one-, two- and three-bedroom designs. The affordable units, ranging from 577 to 1,546
square feet, are designated for those who earn 50-60 percent of San Diego’s
area median income. Units feature plank
flooring and plush carpeting, fully equipped kitchens with stainless steel
appliances, and ample windows for natural light. Shared amenities include a clubhouse with
kitchen, tech stations, a tot lot, barbecue areas, and laundry facilities. Residents will have case management services
and access to educational programming.
The urban infill project also features eight commercial spaces for local
businesses. Eleven residences are
designated as HOME units targeting income-qualified veterans. The project was designed by Dahlin group and
built by Wermers Construction. Landscape
design was by Darsono Design Associates and the civil engineer was Masson &
Associates.
James Silverwood,
President of Affirmed Housing, states, “We’re very proud of Eastgate and
pleased it is 100 percent occupied.
Close to public transit, and numerous amenities, Eastgate was possible
because of Tax Exempt Private Activity Bonds and the 4 percent tax credit
program. As the House of Representatives
considers cutting this program, we suggest they reconsider the negative impacts
this repeal will have for persons of lower means here in California and
throughout the Country.”
Headquartered in San
Diego, Affirmed Housing is dedicated to improving and sustaining the viability
of California through the development of affordable housing. The company aims at enhancing communities and
our environment by building dynamic, professionally-managed, high-quality green
multifamily housing. Areas of expertise
include site selection, engineering, architecture, construction, relocation,
and marketing. Affirmed also has
extensive knowledge in public finance, low-income housing tax credit
acquisition, and tax-exempt bond financing.
For more information, visit www.affirmedhousing.com.
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