El Rancho Verde

 

 
 
       
El Rancho Verde is the largest preservation of affordable housing west of the Mississippi. All 696 units will remain permanently affordable. Mature landscaping, majestic trees, two pools, a new community center, a TV-room, a computer center, and childcare facilities make this urban oasis a vision of success. Originally a HUD program, financing came from a tax-exempt bond issue by the California Housing Finance Agency.  
       
       
Completed:   2001-02  
Location:   300 Checkers Drive  
Unit Mix:   700 units; 139 VLI/557 LI/4 managers' units  
Unit per Acre:   22.3  
Developer:   The Related Companies of California  
Architect:   Steinberg Group  
General Contractor:   Portrait Homes Inc.  
Property Manager:   Related Management Company  
Financing:   City of San José - $5,500,000;  
    Other Partners - $116,012,000  
 
Total Funding:   $121,512,000