National Community Renaissance (CORE) and Community HousingWorks (CHW) celebrated the groundbreaking of the highly anticipated Mission Cove affordable housing community for families, seniors, veterans and transitional age youth.
The Mission Cove Affordable Housing Mixed-Use Development will generate over 300 jobs during the full construction period and build out. Additionally, over 90 fulltime on and off-site jobs will be created by this 288 apartment home development with 10,400 sq.ft. of retail. Approximately $5.4M over the total development period will be paid to the City and school districts. Over $25M in local income, taxes and other revenue will be produced during development construction build out. Over $7M in local income, taxes and other revenue will occur annually after lease-up.
“Not only will Mission Cove provide quality affordable housing for families, seniors, returning and aging veterans, and transitional age youth, it will give a boost to the local economy during construction and after lease-up of the apartment homes,” said Margery Pierce, Neighborhood Services Director for the City of Oceanside.
The first phase will consist of site preparation of the 14.5 acre city-owned land including on and off-site infrastructure.. The second phase, to be developed and owned by NationalCORE, will be 90 apartment homes for families, veterans, transitional age youth and seniors along with 10,400 sqft of retail space and the Kay Parker Family Resource Center. The third phase, to be developed and owned by CHW, will be 138 apartments for seniors and veterans, including adult day care, senior resident services facilities, and a resident organic garden. The final phase, to be developed and owned by CORE, will include 60 homes for families, seniors and veterans. The master plan for the community includes universal design, and energy and water sustainability.
CORE and CHW have worked closely with the city of Oceanside to design and fulfill the City Council approved Vision Plan.
John Seymour, Vice-President of National CORE, said Mission Cove is in keeping with the nonprofit developer’s mission to transform lives and communities.
“We’re proud of our partnership with the City of Oceanside and CHW in being able to fulfill the city’s vision to create a viable, mixed-use affordable housing development that is an asset to the community,” Seymour said.
“CHW and our partner, CORE, commend the city’s leadership in addressing the need for affordable homes by North County families and individuals of all ages. The city’s investment in this intergenerational master plan community will leverage more than $75 million from other sources – creating jobs and investment within Oceanside. This is truly a sustainable community in every sense of the word”, said Sue Reynolds, President and CEO of Community HousingWorks.
WHEN: Tuesday, August 12, 10-11 a.m.
WHERE: Corner of Mission Avenue and Roymar Road, Oceanside.
(Please use the area south of Mission Avenue near Roymar Road for parking)
Refreshments will be served
ABOUT NATIONAL CORE
National Community Renaissance is one of the largest nonprofit developers of affordable housing, with nearly 9,000 units across four states. Over its 22-year history, CORE has received national recognition for its innovation and meshing of quality, affordable housing with transformational social services through its Hope through Housing subsidiary. For more on CORE, please visit www.nationalcore.org.
ABOUT COMMUNITY HOUSINGWORKS
Founded in 1982, Community HousingWorks (CHW) is a nationally-recognized 501 (c)(3) non-profit organization that helps people and communities move up in the world through opportunities to own, rent, and achieve. CHW has a successful 30-year history developing multi-family, affordable rental apartments and rehabilitating single-family homes for resale in urban, suburban and rural communities in Southern California. We have developed close to 1,700 apartments in 31 communities. CHW’s apartment homes are designed to be healthy and vibrant communities that improve their neighborhoods, offering residents an array of programs to help them move up. Through our comprehensive programs, we proudly serve more than 8,000 children and adults each year. CHW is San Diego County’s only member of the national NeighborWorks Network® and an award-winning affiliate of the National Council of La Raza.