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Mariposa Apartments

These rental units are part of the final phase of development of the Calavera Hills Planned Community, which also includes construction of nearly 600 market-rate homes. When complete, the 300-acre community will contain approximately 2,300 homes. The Mariposa Apartments were constructed to fulfill an inclusionary housing agreement with the City of Carlsbad. In addition to a contribution from the City, the project was financed using tax-exempt bonds issued by the San Diego Housing Authority and 4 percent low-income housing tax credits.