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Renovation of 188-Unit Santee Affordable Housing Community Completed
Irvine, CA-based WNC provided approximately $13.2 million in low-income housing tax credit (LIHTC) equity to fund the renovation of Woodglen Vista Apartments. The 188-unit affordable housing community in Santee, CA was developed by Jamboree Housing Corporation.
Woodglen Vista Apartments is located at 10450 N. Magnolia Ave., and is comprised of eight two-story residential buildings and a single-story leasing office and community center. The community’s amenities include a clubhouse, computer center, social services, laundry facility, picnic area, swimming pool and 286 parking spaces.
WNC’s Michael Gaber says, “The San Diego multifamily market continues to tighten, while the demand for affordable housing in the sector is outpacing supply. The community, which will be available to families with household incomes at 50% and 60% of the area’s median household income level, will offer residents a quality, affordable housing option far below the current rental price in San Diego.”
For comments, questions or concerns, please contact Dennis Kaiser


