MFEConceptCommunity 2016

MFEConceptCommunity 2016

Development Brings New Housing, Opportunities to San Diego Neighborhood

The 66-unit Encanto Village has earned LEED Gold certification.

1 MIN READ

Ryan Beck

Encanto Village brings new homes and new opportunities to a neighborhood of San Diego that’s working to overcome neglect, crime, and other problems.

“What’s important for us is neighborhood transformation,” says Steve PonTell, president and CEO of National Community Renaissance (National CORE). “it’s not just about doing a project but about how can this project be a part of accomplishing the goals, hopes, and ambitions of a particular neighborhood. This project personifies that, being part of this city’s plans and transformation of a pretty challenged neighborhood.”

To build Encanto Village, National CORE worked with 12 different landowners to secure six parcels needed for the community. Once the land was secured, the team moved to create a new development that not only provided housing but also set the stage for other neighborhood improvements.

Ryan Beck

The 66-unit property delivers 65 affordable homes to families earning between 30% and 60% of the area median income. The development is opening new opportunities for these residents through comprehensive on-site services, including job training, financial education, and after-school programs. Eight units are set aside for formerly homeless veterans, who have access to on-site case management through Veterans Affairs.

A LEED Gold property, the project also serves as a new anchor in the greater Encanto neighborhood and a model for future development in the area. Following on the heels of Encanto Village, market-rate housing developers have begun pursuing projects in the area, says John Seymour, National CORE vice president.
“It’s catalytic for change in the neighborhood,” PonTell says.

PROJECT DETAILS

Developer: National Community Renaissance
Architect: Studio E Architects
General Contractor: National Community Renaissance
Major Funders: Bank of America; Hudson Housing Capital; California Tax Credit Allocation Committee; San Diego Housing Commission; Civic San Diego/city of San Diego; Department of Housing and Urban Development; Federal Home Loan Bank of San Francisco

About the Author

Donna Kimura

Donna Kimura is deputy editor of Affordable Housing Finance. She has covered the industry for more than 20 years. Before that, she worked at an Internet company and several daily newspapers. Connect with Donna at dkimura@questex.com or follow her @DKimura_AHF.

No recommended contents to display.