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Floor Plans: High in Style — Highly Affordable
Montecito Vistas: Developed by Jamboree Housing Corporation
In Irvine, Calif., where the average price of a home is almost $674,000 but annual salaries in the fastest growing industries in this job-rich community are between $17,000 and $44,000, something was needed to close the housing affordability gap.
Something that was stylish enough to blend in with the community’s architecture. And something that was affordable enough so that the people who worked in Irvine could live in Irvine.
Into this breech stepped Jamboree Housing Corporation, a nonprofit housing corporation headquartered in Irvine but with communities throughout California, to develop Montecito Vista, a 162-unit multifamily rental development about equally divided between two- and three-bedroom apartments.
Targeting Residents Earning Less Than Half the Median Income
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The Montecito Vista apartments rent to households earning between 30% and 50% of the Irvine, Calif. median income. | Jamboree Housing is renting the units to households earning between 30% and 50% of area median income. The two-bedroom, one-bath apartments start at $510 per month. The three-bedroom, two-bath apartments start at $589 per month.
The apartments are built in a cluster of seven three-story, garden-style buildings designed to be compatible with existing homes in the surrounding neighborhood.
Providing Amenities to Enhance Quality of Life
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The Montecito Vistas community room | More than apartments, Montecito Vista includes a community building, a small library, a computer learning center, outdoor barbecues, on-grade parking and a swimming pool.
Jamboree Housing also offers resident assistance programs, including child safety courses, tutoring programs, computer learning classes and programs to help residents prepare for career opportunities in the job-rich Irvine area.
Basic Shelter Is Only the Beginning
Montecito Vista also is adjacent a new community park and a new technology center. It also is close to hiking and bike trails and is just two blocks from The Marketplace, a regional retail center with shops, restaurants and movie theaters for the residents to enjoy — and plenty of job opportunities, too.
Montecito Vista is also near the new Arnold O. Beckman High School, a $94 million state-of-the-art facility that is the first new high school built in the Irvine Unified School District in 40 years.
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Two-bedroom, one-bath apartment starting at $510 per month |
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Three-bedroom, two-bath apartment starting at $589 per month |
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“Basic shelter is only the beginning when it comes to improving the lives of lower-income residents of affordable housing communities,” said Laura Archuleta, president of Jamboree Housing Corp. “The goal is to respond to the current and future needs of residents to improve their lives, break the poverty cycle and move them toward non-subsidized self-sufficiency.”
Montecito Vista was one of five developments to receive a 2005 Innovation in Workforce Housing Award from NAHB.
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Features and Specifications |
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Types of Apartments:
- 84 two-bedroom, one-bath apartments starting at $510 per month
- 78 three-bedroom, two-bath apartments starting at $589 per month
All Units Include:
- Large private balconies
- Frost-free refrigerators
- Gas stoves
- Microwave ovens
- Dishwashers
- Wood-paneled cabinets
Community Amenities:
- Swimming pool
- Community room
- Computer learning center
- Tot lot
- Barbecue grills
Community Services
- Child safety courses
- Tutoring programs
- Computer learning classes
- Programs to help residents prepare for career opportunities
Developed by Jamboree Housing Corporation, Irvine, Calif. |
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