La Costa Paloma
La Costa Paloma is an inclusionary, affordable multifamily rental development that overlooks the forth fairway of La Costa Resort, a world class PGA golf resort. This large-scale development of 180 apartments on 13 acres is seamlessly integrated into the prestigious 3,600 unit upscale master planned community of The Villages of La Costa.
CHW acted as the lead project manager/developer for entitlement, design, finance and construction, in a partnership with Mercy Housing. This inclusionary housing project was required to satisfy the demanding design, financial, and timing requirements of both the City of Carlsbad and the partnering master developer. CHW brought together an experienced team which used cost-effective design to match the quality of the surrounding luxury community. The building type is two- and three-story, wood frame with tuck-under and at-grade parking.
La Costa Paloma’s design and architectural details provide controlled spaces for children to play and accommodates large community events on the expansive lawn. The community building provides a gathering place for residents and hosts CHW’s signature Learning Center programs where CHW resident services coordinators offer access to state-of-the-art computers and educational programs.
Unit Mix: 180 apartments, 32-1BR, 39-2BR, 79-3BR, 30-4BR
Financing: Citibank-tax-exempt bond, National Equity Fund-4% Low Income
Housing Tax Credit equity investor, RECMC Loan (Inclusionary Partner),
City of Carlsbad
Budget: $26,408,000 (excluding land value)
Project Team: Rodriquez+Simon Design Associates, Architect
Allgire General Contractors, Inc.
Stevens & Cresto Engineering
Amenities: Learning Center Program, computer center, community room, onsite laundry,
playground, BBQ and picnic areas, onsite fitness classes and exercise facilities
Sustainable Features: Dual-pane Energy Star rated windows; Energy Star dishwashers, refrigerators
and garbage disposals; efficient gas-power stoves, hot water heaters,
and hyrdronic space heating