Southcrest community to celebrate affordable housing renewal
Renovation of Mayberry Townhomes improves value for low-income residents
San Diego, Calif. (October 3, 2016) —
Community HousingWorks (CHW) will join with partners and residents on Tuesday, Oct. 4 at 5 p.m. to celebrate the completion of renovations at Mayberry Townhomes, an affordable, transit-oriented community in San Diego’s Southcrest neighborhood.
Speakers at the celebration will include City Councilmember Marti Emerald, San Diego Housing Commission CEO Rick Gentry, Civic San Diego President Reese Jarrett and CHW President and CEO Sue Reynolds.
“Community HousingWorks is proud to contribute to the revitalization of Southcrest while also preserving the availability of affordable rental homes for local residents,” Reynolds said. “Located near shopping, transit, public parks and other amenities, the Mayberry Townhomes offer both opportunity and convenience for lower-income residents.”
The 70-unit apartment community at 4422 Mayberry Street has served as affordable housing since it was built in 1984. CHW purchased the property in 2015 and permanently lowered rents in 60 percent of the apartments through a combination of low-income tax credits, bond financing and earlier long-term investments of the San Diego Housing Commission and Civic San Diego. The apartments will remain affordable for the next 55 years.
“More than 60 percent of the funding CHW utilized to acquire and renovate Mayberry Townhomes came from Multifamily Housing Revenue Bonds authorized by the San Diego Housing Commission, with the approval of Council President Pro Tem Marti Emerald and the full City Council,” said San Diego Housing Commission President and CEO Richard C. Gentry. “As a result, low-income families will have access to rental housing they can afford at Mayberry Townhomes for decades to come.”
CHW invested over $3 million in renovations to the 2.8-acre community, including upgrades to kitchens, bathrooms and flooring in half the apartments. Other work included the replacement of four roofs, repairs to exterior walls and resurfacing of asphalt parking areas.
A pioneer in green building practices, CHW made numerous green upgrades, including new energy-efficient windows, lighting and appliances. CHW reduced water demand by removing over 50 percent of the grass turf and replacing it with native and water-wise plants. An extensive solar energy system offsets nearly 100 percent of tenants’ electricity demand.
Residents can now enjoy several new features, including a community center with a computer lab and gathering space; community picnic areas with barbecue grills; tot lots and a garden. Residents will also have access to CHW’s award-winning adult classes, focused on financial well-being, as well as after-school programs that provide academic enrichment for children.
The renovations complement the 2015 update to the Southeastern Community Plan, which puts Mayberry Townhomes in the Southcrest neighborhood gateway. CHW removed an unsightly street wall along 43rd Street and replaced it with and a unique art wall that creates an inviting sense of connection between the townhomes and the broader neighborhood.
Mayberry Townhomes’ previous owner, also a mission-based nonprofit, deliberately selected CHW because of CHW’s sophisticated financial capabilities, construction knowledge, and – most importantly – CHW’s commitment to responsible ownership and enriching the lives of its residents. CHW provided a financial return that allowed the other organization to further its important mission, while bringing CHW’s very strong housing stewardship to revitalize the property. CHW is proud that Mayberry continued our tradition of working with nonprofit sellers and sharing its deep experience and capabilities in the purchase, refinance, renovation, and preservation of mission-based affordable housing.
Community HousingWorks (CHW) is a nationally-recognized non-profit organization that helps people living on low wages and fixed incomes move up in the world, in San Diego and across California, by building and owning stable affordable apartment homes and providing onsite services and opportunities for residents to achieve their dreams. CHW has nearly 30 years of success developing new and renovating existing multi-family, affordable rental apartments in urban, suburban and rural communities. With nearly 3,000 rental apartments in 36 communities statewide, CHW proudly serves more than 8,000 children and adults each year. CHW and our strategic partners deliver onsite programs to give residents the knowledge, tools, and hope to achieve their goals and dreams. As a result, many adult residents are able to get out of debt, improve their credit, and start a practice of saving for the future; and youth have a safe place to learn and grow, improve reading skills, and succeed in school. CHW is an exemplary-ranked member of the national NeighborWorks Network®, an award-winning affiliate of the National Council of La Raza, and member of the prestigious Housing Partnership Network.
More information about the community is available at www.chworks.org/mayberry-townhomes.
Full resolution photos are available at this link.
Tony Manolatos, Apex Strategies: Tony@apexstrat.com | 619.549.0137