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REAL ESTATE INDUSTRY NEWS
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Jamboree Housing plans to build affordable community in Buena Park

Located at 8850 La Palma Ave., the project will offer 70 apartment units.

By Kristen SchottPublished: July 23, 2010 09:49 AM

Courtesy of Jamboree Housing Corp.
Irvine-based nonprofit developer Jamboree Housing Corp. is moving forward with plans for a new affordable apartment community at the site of a vacant commercial building in Buena Park.

The project, which was recently approved by the City Council, will include 70 rental units for residents earning between 30 to 60 percent of the county's area median income of $87,200 for a four-person household, according to stats from the U.S. Department of Housing and Urban Development.

Jamboree Housing expects to begin work at 8850 La Palma Ave. – a 2-acre urban infill site owned by the city's redevelopment agency – next year. Plans call for a four-story apartment complex with one-, two- and three-bedroom floor plans ranging from 616 to 1,192 square feet.

“This new affordable community is the result of a very active and productive public-private partnership led by the Buena Park Redevelopment Agency and supported by the city staff and City Council,” said Laura Archuleta, president of Jamboree Housing, which has about $250 million in affordable projects in its development pipeline.

Additionally, the firm plans to implement a number of environmentally efficient offerings throughout the complex as part of its efforts to provide sustainable, high-quality housing that promotes healthy living.

Among the project's sustainable features: a green roof covering a 142-unit interior parking area, which will offer more than 20,000 square feet of open space for residents.

“Although the specific design needs are to be determined, the green roof could be an open space meadow with a variety of native plantings and even decorative hardscape for barbecues, picnic tables and social gatherings,” said Michael Massie, the firm's housing development manager.

The space will cover most of the parking area, helping to reduce the "heat-island" effect created by the facility, according to Jamboree Housing. It will also decrease storm-water run-off and help filter pollutants.

Other amenities include a meeting room, fitness and tutoring center, and kitchen and laundry facilities.

Construction is slated to be completed by 2012.

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