Mariposa_Apartments

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.

Location:	Carlsbad, CA
Region:	West
Renter/Owner:	Renter Only
Number of Units:	106
Target Population:	10 units affordable to households with 20 percent of AMI, 22 units affordable to households with 30 percent of AMI, 73 units affordable to household with 60 percent of AMI
Type:	Urban
Credits:	Photo Credit Lynn Schmid, Courtesy of Chelsea Investment Corporation
Enabling Policies:	Establish Inclusionary Zoning Requirements or Incentives Expand Use of the 4 Percent Low-Income Housing Tax Credit