Paradise_Creek

Paradise Creek is a new construction that will bring 201 affordable rental homes and a public park to National City, removing contamination and revitalizing the community in the process.

 

The community is part of the LEED-Neighborhood Development Sustainable Certification Program, recognizing the value of healthy and walkable communities. In 2005, community leaders brought their concerns of health, safety and the degrading neighborhood character to the City, when they jointly embarked on developing a new plan for the Paradise Creek area. In March 2010, the City adopted the Westside Specific Plan with associated General Plan Amendment and Zoning Designation Changes. Such plan allows for development of park and affordable housing in the Paradise Creek area. The vision of the City and community is becoming a reality as the Paradise Creek Affordable Housing development is planned as the transformative cornerstone of the Old Town revitalization.

Paradise_creek_birdseyeThe development received a Silver Catalyst Award for California’s Sustainable Strategies Pilot Program and was selected as one of five federal Sustainable Communities Partnership Pilots in the country by the Environmental Protection Agency in partnership with HUD and the Department of Transportation.

In 2009, National City selected CHW and Related California as co-developers, and in 2011 committed $21 million in redevelopment funding; in addition, the state of California has provided $5.3 million for the development.

Completion Dates:

Phase 1 – Paradise Creek I (109 apartments and the resident center): Completion December 2016

Paradise Creek II (92 apartments): Groundbreaking Summer 2016

Funding:

  • National City Redevelopment Agency
  • Low Income Housing Tax Credit Equity (Union Bank investor)
  • Union Bank – construction and permanent lender
  • Tax-exempt bonds
  • California Proposition 1C Infill Infrastructure Grant (IIG) and Catalyst Grant
  • Federal EPA/HUD/DOT Sustainable Communities Partnership Pilot Grant

Development Team:

  • Pyatok Architects, Inc.
  • C&V Consulting, Inc. (Engineer)
  • VCC General Contractors

For more information on Paradise Creek Apartments please click here.