2008

March 2008

Media Contact: Annette Montoya or Rochelle Rose
(805) 781-3088 x or (805) 448-8338
annettem@pshhc.org or rocheller@pshhc.org

FIRST AFFORDABLE RENTAL HOUSING "NEW CONSTRUCTION"
IN CITY OF SAN LUIS OBISPO COMPLETED

Official Dedication Ceremony for The Villas at Higuera set for Thursday, April 17

SAN LUIS OBISPO, CA – The Villas at Higuera, the first new affordable rental housing complex in the city of San Luis Obispo built by Peoples’ Self-Help Housing (PSHH), will be dedicated on Thursday, April 17 at 11:30 a.m. at 3071 South Higuera Street (near Madonna Road). The public is invited for the grand opening, tour of units, and refreshments immediately following the ceremony.

According to Jeanette Duncan, PSHH Executive Director, “The mixed-use development provides 28 permanently affordable rental living spaces, 3,000 square feet of commercial space and nearly 3,000 square feet of community space, designed for special events, gatherings, and educational programs available to all tenants.”

All 28 apartments will house low-income residents and six units have been reserved for formerly homeless households. 21 of the units will be reserved for renters with income ranges from 30%-50% of the Area Median Income (AMI, which is characterized as extremely low- and very low-income) and seven units serve persons having between 50%-60% of the AMI. The apartments consist of six studios, 6 one bedroom, 7 two bedroom, and 9 three -bedroom units.. Rents will range from approximately $300-$900 per month.

Funding partners for the Villas project include the City of San Luis Obispo, Coast National Bank FHLB Affordable Housing Program, County of San Luis Obispo, HOME Program, Enterprise Community Investment, Washington Mutual Bank and Peoples’ Self-Help Housing. Construction partners include Carroll Building Company, R2L Architects, EDA, Inc. (engineer), and Firma (landscape architect).

San Luis Obispo city leaders and many community organizations agree that increasing affordable housing opportunities in the city needs to be one of their highest priorities. Partnerships with established organizations such as Peoples’ Self-Help Housing are critical to addressing these affordable housing needs.

The City of San Luis Obispo strongly encourages construction of housing affordable to those at the lower end of the economic spectrum. Peoples’ Self-Help Housing has a great reputation for building affordable, attractive, quality housing and the City is proud to partner with PSHH to bring projects like The Villas at Higuera to our community,” commented San Luis Obispo Mayor Dave Romero.

Peoples’ Self-Help Housing is an award-winning, non-profit charitable organization with 36 years of experience developing affordable housing, whose mission is to provide affordable housing and programs leading to self-sufficiency for low-income families, seniors, and other special needs groups on California’s Central Coast. Peoples’ Staff of clinical social workers are available to all residents of it’s rental properties. With over 1000 homes completed and over 1200 rental units owned and managed by Peoples’ Self-Help Housing, PSHH continues to strengthen its reputation and leadership position as the premier affordable housing and community developer in San Luis Obispo and Santa Barbara Counties. PSHH is committed to developing vibrant neighborhoods, building attractive, high quality housing and providing innovative support services, so their residents have every possible opportunity to succeed in life. For more information or to make a donation contact (805) 781-3088 or visit www.pshhc.org.
Santa Barbara Office, 962-5152, San Luis Obispo office, 781-3088 www.pshhc.org