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REAL ESTATE INDUSTRY NEWS
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The Arbor at Woodbury in Irvine lands Project of the Year award

The affordable-living community was developed by Jamboree Housing Corp.

BY ASHLY MCGLONEPublished: April 27, 2010 10:51 AM

Jamboree Housing Corp.’s Arbor at Woodbury community in Irvine won Orange County’s annual Affordable Housing Award for Project of the Year. The program is sponsored by the Kennedy Commission, the Orange County Housing Commission and the Affordable Housing Clearinghouse.

The Arbor at Woodbury is Jamboree Housing’s newest community – its sixth built for working families in Irvine. Through its communities, Jamboree Housing has added 800 homes to the city.

The Arbor development features 90 units for working families who earn 30 to 60 percent of the area’s median income. Monthly rent for a family of four earning $46,500 a month (50 percent of the area median income) would be $1,140 a month for a three-bedroom home.

The community was developed by a public-private partnership that included Jamboree Housing, the city of Irvine, The Irvine Co., Union Bank and U.S. Bank.

“We believe The Arbor represents the state-of-the-art in workforce housing design and development, and we are honored that our community has been singled out for this prestigious award,” says Laura Archuleta, president of Jamboree Housing. “We are also honored to have these outstanding partners who understand and appreciate the importance of developing quality work-force housing and the economic and other benefits it brings to the city and county.”

Sustainable features can be found throughout the homes, including Energy Star appliances, central heating and air, low-flow showers and energy-efficient lighting.

Additionally, Jamboree Housing offers complimentary shuttle service from The Arbor to the Irvine Transportation Center.  
 
The developer will start construction on six new Orange County communities this year, creating 532 more affordable homes. The new construction will generate $48 million in construction work, as well as 400 jobs in the first year alone, according to company officials.

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