AMCAL Projects to Jumpstart California Economy
Federal, state and local agencies, and the American Recovery Reinvestment Act (ARRA) will contribute to funding more than $112.4 million in development costs for the construction of eight communities. The eight projects, built by AMCAL Multi-Housing Inc., span Los Angeles, Orange, Fresno, and Kern counties. They include:
- Andalucia, a 75-unit family community and Mosaic, a 56-unit mixed-use community in Los Angeles
- Montecito, a 98-unit senior community in Panorama City
- Mirandela, a 34-unit senior community in Rancho Palos Verdes
- Royale, a 36-unit family community in Westminster
- Santa Fe, a 56-unit mixed-use community in Bakersfield
- Cordova, an 81-unit family community in Selma
- Summer Hill, a 50-unit family community in Fresno
More than $84.9 million in low-income housing tax credits was awarded to AMCAL to build these communities. The developments replace underutilized space and dilapidated buildings, and will be built using sustainable materials and exceed energy-efficiency standards.
Since 1996, AMCAL has completed 31 projects with 3,178 units, valued at $578. Since 2003, AMCAL has been awarded over $350 in low-income housing tax credits.