Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BRAWLEY, CA-Amcal Multi-Housing Inc. of Agoura Hills, CA plans to unveil its Valle del Sol apartments on May 13, marking the affordable housing specialist’s first project in Imperial County. Valle del Sol is a 72-unit affordable apartment development located between 1605 and 1623 E. C St. that features 16 one-bedroom units at 631 sf, 32 two-bedroom units at 816 sf and 24 three-bedroom units at 1,046 sf.

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

Like all Amcal complexes, Valle del Sol will provide free social service programs to residents including dial-a-ride, after school programs and educational classes. Located less than a half-mile from a local elementary school and public park, Valle del Sol is also within one mile of a grocery store, pharmacy and medical clinics.

As a 100% affordable building, the complex will include 21 units dedicated to households that earn 60% of area median income, while 35 units will be reserved for 50% AMI and seven units will be reserved for both 40% and 30% AMI. Depending on the unit, approximate rents will range from $676 to $780 for 60% AMI households, $476 to $571 for 50% AMI, $381 for 40% AMI and $285 to $396 for 30% AMI.

To help lower living costs for residents, Amcal built Valle del Sol to exceed California’s energy efficient standards for residential and nonresidential buildings by 10%. The developer also implemented measures and building techniques to improve indoor air quality, reduce harmful emissions and use recycled building materials.

Percival Vaz, president and CEO of Amcal, cites “a tremendous need for affordable housing in communities throughout the state of California.” The Agoura Hills-based company, in addition to multiple apartment developments for low-income families and seniors, has upcoming developments featuring work force for-sale housing. The company recently launched Amcal Equities, a division dedicated to acquiring existing income-producing properties and developing market-rate apartments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.