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Breaking Ground on Sequoia Commons in Goshen






Breaking Ground on Sequoia Commons in Goshen



Posted on December 26, 2018


On December 28, SHE will began construction for the new Sequoia Commons –a 66-unit affordable rental community in Goshen. The rental project is phase I of a two-phase project located on the 6.85-acre multifamily parcel at the southwest corner of Riggin and west of Road 76, and will include 22 one-bedroom units, 22 two-bedroom units, and 22 three-bedroom units. Its’ amenities will consist of a community building of nearly 3,072 square feet, and an outdoor common area with a playground, barbecue pit and picnic tables. The community building will include a large community room with a kitchen and bathrooms, a laundry facility, computer lab, and a separate management office.
The project will serve working families at or below 50% AMI with rents ranging between $248 and $810. In addition, Sequoia Commons will include 100% solar PV to offset common area and resident loads, and water conservation/efficiency measures. Self-Help Enterprises will offer a robust program of on-site Resident Services, including job training, health and medical services, financial training and homebuyer education.
This project is being financed through a combination of Affordable Housing and Sustainable Communities (AHSC) program funds via California’s Cap-and-Trade proceeds, HOME Investment Partnership Program funding from the Housing and Community Development Department (HCD), private equity raised through the federal low-income housing tax credit program, Affordable Housing Program (AHP) funds through the San Francisco Federal Home Loan Bank, sponsored by Central Valley Community Bank and a Valley Air Loan through the San Joaquin Valley Air Pollution Control District. The AHSC program is administered through a partnership between the Strategic Growth Council and HCD. Construction loan financing is provided by Pacific Western Bank. Tax credit equity is being provided through Red Stone Equity Partners