City of Anaheim Completes Affordable Housing Projects

We have represented the Anaheim Housing Authority since 1988. Three recent projects include two now under development by an affiliate of Jamboree Housing Corporation and another by The Related Companies. Manchester Apartments is a 102-unit new construction project for which Anaheim assembled and ground-leased two parcels as a part of the financing for a 9% tax credit transaction; the project will serve Extremely Low, Very Low, and Low Income families, including households with special needs and permanent supportive housing for the homeless. EconoLodge is the conversion of a 70-room motel into affordable studio apartments serving the homeless and persons at-risk of becoming homeless. Related’s Hermosa Village Phase II is a 112-unit affordable housing project financed through a ground lease, subordinate loan, 4% tax credits, and multifamily housing revenue bonds. Over the past 20 years, we have  represented Anaheim for all phases of the 517-unit Hermosa Village complex that consists of Phases I, II, III and IV, including the resyndication of HV I and HV II to ensure long-term affordable housing in the community.