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Liane Takano Takano: “With a fixed budget, we splurged on the items that we knew would matter to the residents—amenities, interior finishes, etc.—then, we value engineered out those items that are not as critical.”

IRVINE, CA—The goal in making affordable housing not look “affordable” is most definitely to rise above the expectations of what many think of housing for those in need, KTGY Architecture + Planning principal David Obitz tells GlobeSt.com. In addition, shopping market-rate developments to get ideas and to see if they can incorporate those same elements on a more cost-efficient scale in their affordable communities is helpful to developers, Liane Takano, SVP of Related California, tells us.

KTGY designed the first affordable-housing communities—which were recently completed—for low-income families in Irvine’s master-planned community of Great Park Neighborhoods. The two communities, Luminaira at Parasol Park, developed by RCC Charitable, and Espaira at Parasol Park, developed by New Ethic, are no longer accepting applications from prospective tenants. The projects are the results of a collaborative effort between FivePoint Holdings LLC, Related California, Riverside Charitable Corp. and El Toro Housing Initiative Collaboration. FivePoint’s partnership, Heritage Fields LLC, is the master developer of Great Park Neighborhoods.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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