National Equity Fund

Seasons at Compton - BOACHIF V 2010 - Secondary 2015

Compton, CA


Statistic
Jobs Created: 25
Jobs Year One: 102


SEASONS at Compton, winner of the National Association of Home Builders award for best senior special-needs property, is an 84-unit new construction development for the elderly with 32 units set aside for developmentally disabled individuals or families. It consists of 11 residential buildings ranging from two to four stories with a 3,495-square-foot community center that includes a social service office. There are 68 one-bedroom residences and 16 two-bedrooms with balconies.

Designed by Nardi & Associates of Monrovia, California, the buildings were constructed in two clusters each encircling an elevator and connected by a network of catwalks. The tallest buildings, which are located next to the 710 Freeway, act as a sound barrier minimizing noise for the rest of the community. The development includes a landscaped courtyard with a fountain and is designed to maximize shade and breeze. Structures have stucco exteriors with faux redwood accents and flat roofs with slanting parapets. The development received LEED Silver certification for its sustainable, energy-efficient construction.

SEASONS at Compton is sponsored by LINC Housing, a nonprofit based in Long Beach, California, one of the 25 largest developers of affordable housing in the country as of 2011. The $10.3 million of LIHTC equity National Equity Fund, Inc. contributed to the project is its first investment with LINC Housing.

 


Project Details:

Completed:
2011
Population Served:
Elderly
Total Units:
84
Mix of Residences:
1 Bedroom (68),2 Bedroom (16)
Net Equity:
10.32M
Credit Type:
9%
Total Project Costs:
24.98M
Developer(s):
LINC Housing Corporation
Property Manager:
The John Stewart Company
Architect:
Nardi Associates LLP
General Contractor:
Advent Companies

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