Location: Moorpark
396 Charles Street, Moorpark, CA 93021
Type of Complex:
Family Housing
Number of Units: 20
14 Two-bedroom units
6 Two-bedroom units
Year Built:
2012
Construction Cost:
$9,300,000
Amenities:
Centrally located in downtown Moorpark, Charles Street Terrace features underground parking, Internet, spacious community room, laundry room, and a fully-equipped tutoring center. There is also an airy outdoor patio and common area on the second floor. Three-bedroom units provide hook ups for a small washer and dryer.
In addition, the property’s design includes many environmentally friendly elements including solar voltaic lighting, permeable concrete, solar heating, and energy efficient appliances.
Units are restricted to residents whose income is between 30% and 55% of the area median income.
Funding Summary:
Funding for construction was provided by tax credits, redevelopment funds from the City of Moorpark, a HOME grant, and conventional loans.