Palm Terrace

A energy-efficient and transit-friendly affordable rental community in Lindsay of 50

Features

1, 2, & 3 bedroom units

14 one-bedroom, 18 two-bedroom, and 18 three-bedroom units

Spacious outdoor open area

Computer lab with Wi-Fi access

Laundry hook-ups in select units and on-site laundry facilities

Picnic tables, BBQ grills, and covered playground equipment

Courteous on-site managers with 24 hour maintenance services

Energy Features

Green built for comfort with energy efficient appliances and materials

Solar PV

Grey water recycling system

Resident Services

Educational and after school programs

Wide range of after school programs for children and young adults

Financing 

AHSC program funds via California’s Cap-and-Trade proceeds, HCD, private equity raised through the federal low-income housing tax credit program, and AHP. Construction loan financing is provided by JP Morgan Chase. Tax credit equity is being provided through the National Equity Fund, with Morgan Stanley as the primary investor.