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|City of Anaheim, Related California Celebrate Grand Opening of Vintage Crossings |
LEED Platinum Green Building includes 92 units affordable family apartments and on-site Anaheim City School District preschool
ANAHEIM, CA - (September 10, 2012) - Anaheim Mayor Tom Tait, members of the Anaheim City Council and Related California were joined by residents to celebrate the grand opening of Vintage Crossings, a newly constructed affordable apartment community that has achieved LEED Platinum certification, the highest rating for sustainability and green building awarded by the U.S. Green Building Council. The event was held today at the recently completed and now fully-leased development at 700 E. South Street, Anaheim, CA 92805.
The completion of Vintage Crossings marks the first LEED Platinum rated affordable housing development in the City of Anaheim, and is the second time in two years that the City and Related have pioneered new territory in sustainable affordable housing development. In 2010, the City of Anaheim and Related California completed City’s first "Build it Green" certified affordable housing development, Pradera Apartments, near historic Downtown Anaheim.
"Great neighborhoods are the hallmark of great cities," said Anaheim Mayor Tom Tait. "Providing first-rate affordable housing for working families in our community is a critical part of Anaheim’s effort to build a more cohesive and inclusive neighborhood-centric city."
In addition to on-site amenities for residents such as a 3,000 square foot community center that hosts social services such as after school programs and adult educational classes, children’s play area, laundry facilities and outdoor swimming pool, Vintage Crossings is also home to a preschool center operated by the Anaheim School District.
"As a firm that has developed more than 9,000 units of multifamily housing throughout California, I am particularly proud of Vintage Crossings and the standard it sets for sustainable affordable housing development," remarked Bill Witte, President of Related California, "The City of Anaheim has provided tremendous leadership in this arena, and it’s been a pleasure to work together yet again to develop a property that is a standard bearer for sustainability, quality and design, and that advances our collective commitment to providing healthy housing opportunities for low income families."
The development is an example of successful public-private partnership for infill development and neighborhood revitalization. The redevelopment of this former industrial site was financed with a combination of public and private resources including Project Based Section 8 assistance and loan proceeds from the Anaheim Housing Authority, and through Related additional investments including Low-Income Housing Tax Credit equity from U.S. Bank through its investment subsidiary U.S. Bancorp Community Development Corporation, a construction loan from Union Bank, and a permanent loan from Union Bank.
For more information on Related California, please contact Bea Hsu at (323) 527 8286, or email@example.com.For more information on community development in Anaheim, please visit www.anaheim.net, or call 714-765-4300.
Media Contact: Ruth Ruiz 714.765.5060more city news
ABOUT ANAHEIM – The City of Anaheim, founded in 1857, is one of the nation's premier municipalities and is one of California's most populous cities. Anaheim covers 50 square miles with more than 343,000 residents and more than 2,950 City employees. The municipal corporation's annual budget is $1.5 billion. Anaheim supports a thriving business community with companies such as Carl Karcher Enterprises, Inc., L-3 Communications, Pacific Sunwear, and Disneyland Resort. Successful sports franchises call Anaheim home, including Angels Baseball, Anaheim Ducks, the U.S. Men's National Volleyball Team, the 2012 Olympic Games Silver Medal winning U.S. Women's National Volleyball Team, and the Professional Arena Soccer League Anaheim Bolts. Anaheim also boasts world-class meeting and entertainment venues with the Anaheim Convention Center, LEED-certified and the largest on the west coast, Honda Center, City National Grove of Anaheim, Anaheim GardenWalk, and Angel Stadium of Anaheim. In addition, Anaheim embraces its vibrant cultural arts community, including the world-renowned Anaheim Ballet. Annually, Anaheim welcomes millions of visitors to the city, truly making it where the world comes to live, work and play. For more information, please visit www.anaheim.net.
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