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Key Development Breaks Ground in Vista

Vista: City officials recently marked the ceremonial start of construction on the North Santa Fe Apartments, a 68-unit affordable-housing development that is expected to be built on the northeast corner of North Santa Fe Avenue and Vista Village Drive. This narrow and empty lot on a busy Vista corner is about to get a $20.5 million face lift. President of the Vista Village Business Association, Cliff Kaiser, said that they require new development and this will be a very useful addition to the downtown area.

 

To revitalize the downtown, Vista has initiated the three-story complex, which is situated on the land owned by the city. The city leaders plan to turn the area into a residential, pedestrian-oriented shopping and entertainment district. On South Santa Fe crews are working on Paseo Pointe, a 69-unit affordable housing project that will feature commercial retail space on the ground floor. The $27.5 million housing project should be complete by next spring.

According to Kaiser the two projects are critical to the ongoing revitalization of downtown and they would bring in more people which would lead to more business to the area.

The North Santa Fe Apartments will be built on a 1.4-acre lot stretching from East Orange Street nearly to Vista Village Drive. The lot is split in two by Washington Street. The land is worth about $2.4 million; the city will lease it for $1 a year to Community HousingWorks, a nonprofit organization that develops affordable housing and assists home buyers throughout Southern California.

 

The North Santa Fe Apartments will be built on a 1.4-acre lot stretching from East Orange Street nearly to Vista Village Drive. The lot is split in two by Washington Street. The land is worth about $2.4 million; the city will lease it for $1 a year to Community HousingWorks, a nonprofit organization that develops affordable housing and assists home buyers throughout Southern California.

Key Development Breaks Ground in Vista

 

The bulk of funding for the project, which is about $16.6 million, is coming from Union Bank through the federal Low Income Housing Tax Credit. Vice president of housing and real estate development for Community HousingWorks, Anne Wilson said that though the site may not have appealed to commercial builders for market-rate housing, but it is good for this affordable-housing project. The property is across the street from a Sprinter station which is one of the selling points of the apartment building, which is scheduled to be complete by summer 2015.

 

Ten of the 68 apartments will be set aside for former foster-care kids who have recently aged out of the system. North County Lifeline will help to place people in those units. The buildings will feature one, two and three bedroom apartments, for both individuals and families with incomes between $16,500 and $47,700, which is about 30% to 60% of the area median income, according to Community HousingWorks. The project will also feature a 2,500-square-foot community building, which will include the leasing office, a learning center, a computer room and a community meeting room with a full kitchen. Community HousingWorks will provide after-school reading and learning programs for children and teens, as well as classes for adults.

 

The development features rooftop water heating, drought-tolerant landscaping, recycled building materials and EnergyStar appliances. Mayor Judy Ritter said that she was eager for construction to start as the North Santa Fe project will help to change the face of the area.

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