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Dev. Team:

Developer: Corporation for Better Housing;
Lynx Realty and Management, LLC
Contractor: BLH Construction Company
Architect: John O. Cotton Architects

Unit Mix:

68 Very Low and Low Income Family Units


Financial Sources:

Alliant Capital LLC, AHP, 9% Tax Credits, City of Newman RDA, County of Stanislaus HOME Loan

Project Costs:

$8.5 Million

 


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Mustang Peak
Apartments

1118 M Street
Newman, CA 95360


The Newman Family Apartments is a sixty-eight (68) unit, 100% affordable, rental community located on 3.5 acres of blighted infill land in the City of Newman’s RDA. The proposed development consists of 28 – one bedroom units, 16 – two bedroom and 24 – three bedroom units in five garden style walk up buildings. The units will rent to tenants earning between 30% and 60% of Area Median Income. The buildings will include amenities such as granite countertops, central air conditioning and heat, energy-efficient appliances and premium carpeting. Common area amenities include secure gated access, barbecue and picnic areas and a community room with computer labs.

Newman Family Apartments is slated to open in the summer of 2010.