The project represents an investment of more than $16.3 millionby Hudson Housing Capital and California Bank & Trust thatallowed Amcal and its nonprofit partner Foundation for AffordableHousing to build Valle del Sol. The project financing included morethan $8.8 million in 9% low-income housing tax credits.

Like all Amcal complexes, Valle del Sol will provide free socialservice programs to residents including dial-a-ride, after schoolprograms and educational classes. Located less than a half-milefrom a local elementary school and public park, Valle del Sol isalso within one mile of a grocery store, pharmacy and medicalclinics.

As a 100% affordable building, the complex will include 21 unitsdedicated to households that earn 60% of area median income, while35 units will be reserved for 50% AMI and seven units will bereserved for both 40% and 30% AMI. Depending on the unit,approximate rents will range from $676 to $780 for 60% AMIhouseholds, $476 to $571 for 50% AMI, $381 for 40% AMI and $285 to$396 for 30% AMI.

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