Eden Housing Preserves 574 Affordable Apartments in Two Communities in Southern California

Coronado Terrace in San Diego provides 312 affordable rental apartments and Vista Terrace Hills in San Ysidro provides 262 affordable rental apartments.

San Diego County, Calif. – Committed to both the building and preservation of affordable homes throughout California, Eden Housing welcomed Coronado Terrace Apartments in San Diego, Calif. and Vista Terrace Hills Apartments in San Ysidro, Calif. to its family of managed affordable communities. San Ysidro is part of the City of San Diego and is immediately north of the U.S.-Mexico border.

These two communities provide 574 affordable rental homes to families who have a household income around half (50%-60%) of San Diego County’s median household income, about $40,500 annually for a family of four. Coronado Terrace provides 312 affordable rental homes and Vista Terrace Hills provides 262 affordable rental homes. Families reside in three- and four-bedroom rental apartments. Both communities accept Section 8 vouchers issued by the U.S. Department of Housing and Urban Development.

“Eden is dedicated to preserving the existing affordable homes for families, older adults, and persons with special needs,” said Linda Mandolini, Eden’s President. “The preservation of affordable homes is absolutely necessary – given the high cost of housing in California, it is important that we don’t lose any of our currently affordable homes. We consider Coronado Terrace and Vista Terrace Hills investments in San Diego County helping all of California’s housing needs and we are excited to bring our quality management experience to the San Diego and San Ysidro communities.”

Eden’s affordable communities provide supportive services free of charge to all of the residents designed to increase access to opportunities that will ensure the residents’ future success. Wakeland Housing and Development Corporation, a prominent affordable housing developer in San Diego, will continue to provide the resident services at Coronado Terrace and Vista Terrace Hills.

“Given Wakeland’s 15 year history with both these communities we are proud to partner with a quality organization like Eden to support these two communities and to open doors of opportunities for all of its residents,” said Ken Sauder, Wakeland’s President and CEO.

Coronado Terrace was built in 1971 and fully renovated in 2001. It underwent significant exterior renovation recently to replace stucco, roofs, and lighting. The community is located on 25th St. near the intersection with Coronado Ave. and Interstate 5.

Vista Terrace Hills was also built in 1971 and features 30 residential buildings, three playgrounds, a community room with club house, a fitness center, a barbeque and picnic area, a business center, five laundry facilities, and the management office. The community is located on Del Sur Blvd. near the intersection with Beyer Blvd.

“Eden is proud to bring its longtime tradition of being a good neighbor to this community,” said Eden Board Chair John Gaffney. “We are neighbors for the long haul and seek to be an integral part of every community we manage.”

The $120-million combined acquisitions of Coronado Terrace and Vista Terrace Hills mark a milestone for Eden Housing: Since 1968, Eden has developed or acquired more than 8,000 affordable homes in California.

Across its entire communities’ portfolio, Eden Housing has virtually no vacancy and more than 17,000 households on its wait list, with many of its properties’ wait lists closed.

“The demand for our work is overwhelming,” said Ms. Mandolini. “We must continue to build and preserve affordable housing in California and make room in our communities for those who work at our grocery stores, coffee shops, schools, restaurants, and the places we enjoy near our own homes in our neighborhoods.”

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About Eden Housing

In its 47 years of service throughout California, non-profit Eden Housing, Inc. has provided a home for more than 65,000 people. Hayward-based Eden Housing is the long-term owner-operator of its developments, and is committed to preserving and maintaining its buildings as community assets and supporting residents with a range of services. Since the organization’s beginnings in 1968, Eden Housing has developed, acquired, or will soon acquire more than 8,000 homes in more than 130 properties. Eden has more than 7,800 apartments in its property management portfolio and provides access to supportive resident services programs at 100% of its communities. For more information about Eden Housing, visit www.edenhousing.org.

 

Housing and Vacancy Availability:

Please call Eden Housing at (510) 582-1460

 

Media Contact only:

Nathan Ho, Policy & Communications Manager
(510) 247-8193, nho@edenhousing.org

 

Active: 
Yes
Release Date: 
Tuesday, September 1, 2015
Date Updated: 
Friday, September 4, 2015

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