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Harbour Community

Sylmar, California
Description:

Harbour Community is a 38-unit apartment complex comprised of one, two and three-bedroom units. Interior common area amenities will include a community room and a laundry room with four washers and dryers. Approximately one third of the site area will be reserved for recreational use. This will be divided into three age-grouped areas for children. There will be 1½ parking spaces for each unit, most of them in a garage tucked under the apartment building.

Location:

Confidential.

Size:

34,800 net rentable sq ft on 0.67 acres.

Community Benefits:

The property serves the special needs of victims of domestic violence and is classified as a second stage shelter for battered women and their dependent children. Harbour Community residents have maximized their stay at domestic violence emergency shelters, homeless shelters, and other social service organizations but are still in need of continued housing and supportive services, which are provided by the two not-for-profit sponsors. All of the units are occupied by people whose incomes do not exceed 40% of median income.

Developer:

  • FAME Housing Corporation, an affiliate of the First African Methodist Episcopal Church ("FAME"), provides quality affordable housing to families with incomes 35% to 60% of the median income for Los Angeles County, and has been one of the most influential community organizations in LA for over 20 years.
  • Capital Vision Equities LLC is a full service real estate development and consulting group that specializes in the construction and rehabilitation of low income and market rate housing in greater Los Angeles.

Project Cost:

$10,000,000

Financed By:

  • Phoenix Realty California Properties, LP is managed by Phoenix Realty Group LLC, a national real estate investment firm providing capital and expertise to urban developers for the creation of middle-market for-sale housing, urban smart growth development, low-income tax credit housing, and community revitalization projects.
  • FAME Housing Corporation

Phoenix Realty California Properties