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Rancho Santa Fe Village is a mixed use 120 unit affordable housing project in the city of San Marcos, CA. All units are restricted to affordable rents, and the community is equipped with first rate amenities for Active adults.  The residents enjoy the sparkling pool located in the center of the property, and benefit from the convenience of on-site retail shops that include groceries, restaurants, a clothing store, a salon and medical care.  Rancho Santa Fe Road has come alive with the addition of this striking structure and colorful center for the community to build around.  Resourceful and practical design, energy efficient appliances and a Solar Energy system are some the ways that Rancho Santa Fe Village is environmentally responsible and designed for the twenty first century.  The 11,000 square feet of retail space on ground level is complemented by 72 2 bedrooms units and 48 1 bedroom units on three levels, all with easy access to elevators and the ample parking available on the property.  Construction was completed on this 21 million dollar project in the fall of 2005 and has since converted to permanent financing on its tax exempt bonds. Visit their website at www.rsfvillage.com.

Grandon Village's doors opened to Low income tenants in 2004 and has since become a wonderful place for active seniors to reside.  Tax exempt bonds issued by the city of San Marcos, coupled with an allocation of LIHTC have made this 22 million dollar project possible.  The comfortable new community and affordable rents provide solution to the rising need for affordable housing for the 55 and over market.  Residents enjoy the pool, grounds, and community room addition to easy access to the San Marcos Senior Center branch at Grandon Village.  Enhanced Affordable development teamed up with the City of San Marcos to provide a location on the property for a senior center built to serve all seniors in the area.  The 161 unit community is a made up of a mix of one and two bedroom units in five buildings spread on 4 acres of land.  Most units in Grandon village are powered by a photovoltaic energy system that taps into the vigorous San Marcos Sunlight to provide solar energy as an alternative energy source. Visit their website at www.grandonvillage.com.

Las Flores Village, a 100 unit new construction development, is part of Enhanced Affordable Development’s Home ownership program.  Financed with tax exempt bonds and 4% low income housing tax credits, it was completed in fall of 2006 and open to low-income families for rent.  After the initial 15 year credit period, Low income residents will have the option to purchase their unit at affordable prices.   Las Flores Village is an inclusionary housing project in connection with the construction of 236 Market rate Single family homes on an adjacent lot.  The City of San Marcos and combined with Enhanced to produce Las Flores Village as the Affordable component of the site.  The 3 bedrooms 2 bathroom townhome style units range from 962 to 1172 square feet, all equipped with a private two car garage and washer dryer hookups.  Sixty-four of the units are powered by the photovoltaic solar energy system, and all units feature energy efficient appliances.  Currently 100% occupied with a waiting list, these units have no comparison in the San Diego’s North County in combination of quality and affordable rents.  Visit their website at www.lasfloresvillage.com.

Las Venatnas Village is a mixed use 80 unit affordable housing project in the city of Escondido.  The new construction project will feature 78 3-bedroom family units, 2 2-bedorom units and 6500 square feet of retail space on Escondido Blvd.   When complete, Las Venatnas Village will be filled with state of the art amenities, indoor parking for all tenants, and be a model for premier affordable housing.
After securing a 3 million dollar loan from the city of Escondido in July of 2006, Enhanced Affordable development carefully oversaw the relocation of the Bellview Mobile home park.  The financing for this project is coming primarily through 9% federal Low income Housing tax credits.  Wachovia has partnered with Enhanced in this venture as the tax credit investor.  Construction has begun and is expected to be complete by January 2008. The historic preservation of the Escondido Auto electric center, one of the oldest buildings in the city is underway and will be featured as a highlight of the project.  All units in the project are rent restricted fro Low income tenants and affordable rents will vary from 30% to 60% of AMI. Visit their website at www.lasventanasvillage.com

Fox Hollow Apartments was purchased in March of 2006 as part of Enhanced Affordable Development’s 15 year asset acquisition department. New tax credits were awarded by Florida Housing Finance Corporation (FHFC) along with State issued Bond financing and a subordinate loan from FHFC’s SAIL loan program. The 155 unit community is located in Orange County, in southeast Orlando. The garden style family oriented community is made up of 2 and 3 bedroom units spread over 15 buildings and spacious grounds. Enhanced coordinated and oversaw the renovations and substantial rehabilitation work at the property after the purchase was completed. All units received new and upgraded appliances, HVAC, water heaters, kitchens, and more as part of the close to 3 million dollars put into the property. The rehabilitation was complete in November of 2006 and Fox Hollow has been above 97% occupancy since completion. Visit their website at www.foxholloworlando.com

Huntington Reserve Apartments is a 168 unit located in Sanford, Florida, minutes away from highway 17-92 and interstate 4 and just twenty miles from Downtown Orlando.  Purchased in March of 2006, after its initial 15 year tax credit period expired, new tax credits were awarded by Florida Housing Finance Corporation (FHFC) along with State issued Bond financing and a subordinate loan from FHFC’s SAIL loan program.  All units have 3 bedrooms with fully equipped new kitchens and washer dryer hookups.   All units received new and upgraded appliances, HVAC, water heaters, kitchens, and more as part of the close to $15,000 per unit invested in the property.  Since acquisition, Huntington Reserve has seen a 15% increase in gross revenues, while maintaining affordable Section 42 rents for low income families. Visit their website at www.huntingtonreserve.com

The Park at Hairston Apartments is a 360 unit property located at 1038 South Hairston Road in Stone Mountain, Georgia. Situated within Dekalb County, the property was originally constructed in 1988 and Enhanced Affordable Development engineered its acquisition of the property in September 2006.  The project is currently undergoing a complete interior and exterior rehabilitation of approximately $20,000 per unit.   Lake Point is comprised of 120 one-bedroom units, 177 two-bedroom units, and 63 three-bedroom units in 22 buildings spread out over 30 acres of beautiful lush greenery.
Lake Point was financed using Low Income Housing Tax Credits (LIHTC) and $17.8 Million bond issuance. Lake Point operates as an affordable property with 100% of the units rented at or below the IRC Section 42 rents. The property rents will target all households with incomes of up to 60% of area median income (AMI). The property offers a high-quality, affordable housing alternative for low-income families in the Stone Mountain area. Visit their website at www.parkathairston.com

Orchard Mill Apartments is a 238 unit property located at 1800 Mulkey Road in Austell, Georgia. Situated within Cobb County, the property was originally constructed in 1990 and Enhanced Affordable Development concluded its acquisition of the property in September 2006.  The project is currently undergoing a complete interior and exterior rehabilitation of approximately $20,000 per unit.  Orchard Mill is comprised of 100 one-bedroom units, 88 two-bedroom units, and 50 three-bedroom units in 13 buildings spread out over 15 acres.
Orchard Mill was financed using Low Income Housing Tax Credits (LIHTC) and a $14 million bond issuance. Orchard Mill operates as an affordable property with 90% of the units rented at or below the IRC Section 42 rents. The property rents will target all households with incomes of up to 60% of area median income (AMI). The property offers a high-quality, affordable housing alternative for low-income families in the Austell area. Visit their website at www.orchardmillapts.com

Shannon Lake Apartments is a 294 unit property located at 6770 Buffington Road in Union City, Georgia. Situated within Fulton County, the property was originally constructed in 1988 and Enhanced Affordable Development completed its acquisition of the property in September 2006.  The project is currently undergoing a complete interior and exterior rehabilitation of approximately $20,000 per unit.  Shannon Lake is comprised of 126 one-bedroom units, 130 two-bedroom units, and 38 three-bedroom units in 32 2- and 3-story buildings spread out over 15 acres.
Shannon Lake was financed using Low Income Housing Tax Credits (LIHTC) and a $15.5 Million bond issuance. Shannon Lake operates as an affordable property with 100% of the units rented at or below the IRC Section 42 rents. The property rents will target all households with incomes of up to 60% of area median income (AMI). The property offers a high-quality, affordable housing alternative for low-income families in the Union City area. Visit their website at www.shannonlakeatl.com

Miramar Village Los Angles, CA –

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Bonnie Brae Village  Los Angles, CA –

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