PANORAMA CITY, CA-Affordable housing developer Amcal Multi-Housing Inc. of Agoura Hills has unveiled its new 55-unit Villas Las Americas apartment complex in the San Fernando Valley, a project that is designed to accommodate families earning between 30% and 60% of the area median income. Designed by Los Angeles-based ARCHeon Group Inc., Villas Las Americas is an infill development replacing a vacant site of just less than one acre.

The complex features 12 two-bedroom units, 27 three-bedroom units and 16 four-bedroom units. It was financed with more than $13.3 million of 9% low-income housing tax credits and cost more than $19 million to build.

Loans for equity, construction and permanent financing totaling $27.4 million by SunAmerica Affordable Housing Partners, Chase Community Development Banking, California Community Reinvestment Corp. and Los Angeles Housing Department allowed Amcal and its nonprofit partner W.O.R.K.S. to build Villas Las Americas. Amcal General Contractors was the general contractor.

The new complex is located near The Plant shopping center and along a Rapid Bus route on Van Nuys Boulevard. Several public elementary and middle schools are also located within a mile of the development.

Tenants will have access to a variety of free services, including after-school programs and educational classes courtesy of LifeSTEPS, a nonprofit provider of social services for residents of affordable housing in California. In addition to its family units and other amenities, the new complex features a courtyard, a tot lot and a community clubhouse.

In addition to its recently completed development, Amcal has more than $370 million in projects under development.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.