News and Resources
WNC Completes Renovation of 143-Unit Affordable Senior Housing Community in Orange County
The renovation of Heritage Villas, a 143-unit affordable housing community for seniors aged 62 and older in Mission Viejo, California, is complete. WNC provided approximately $11.2 million in low-income housing tax credit (LIHTC) equity to help fund the project.
Jamboree Housing Corporation, which helped construct the property in 2000, served as the developer of the renovation, which took approximately three months to complete.
“The demand for affordable housing in Orange County consistently outpaces the development of new supply, resulting in a critical need to protect and rehabilitate existing communities in the area,” said WNC chief operating officer Michael Gaber. “WNC has partnered with Jamboree Housing Corporation on many projects over the years, and we are very pleased to once again collaborate to provide quality, affordable housing options to those in need.”
Located at 26836 Oso Parkway, the community is comprised of 128 one-bedroom units and 15 two-bedroom units. Community amenities include onsite management, a community room, laundry facility, computer/business center, fitness center, library, swimming pool, spa, elevator, picnic area and social services/activities.