Amcal Unveils Affordable Housing Project

BRAWLEY, CA-Amcal Multi-Housing Inc. of Agoura Hills, CA plans to unveil its Valle del Sol apartments on May 13, marking the affordable housing specialist’s first project in Imperial County. Valle del Sol is a 72-unit affordable apartment development located between 1605 and 1623 E. C St. that features 16 one-bedroom units at 631 sf, 32 two-bedroom units at 816 sf and 24 three-bedroom units at 1,046 sf.

The project represents an investment of more than $16.3 million by Hudson Housing Capital and California Bank & Trust that allowed Amcal and its nonprofit partner Foundation for Affordable Housing to build Valle del Sol. The project financing included more than $8.8 million in 9% low-income housing tax credits.

Like all Amcal complexes, Valle del Sol will provide free social service programs to residents including dial-a-ride, after school programs and educational classes. Located less than a half-mile from a local elementary school and public park, Valle del Sol is also within one mile of a grocery store, pharmacy and medical clinics.

As a 100% affordable building, the complex will include 21 units dedicated to households that earn 60% of area median income, while 35 units will be reserved for 50% AMI and seven units will be reserved for both 40% and 30% AMI. Depending on the unit, approximate rents will range from $676 to $780 for 60% AMI households, $476 to $571 for 50% AMI, $381 for 40% AMI and $285 to $396 for 30% AMI.

To help lower living costs for residents, Amcal built Valle del Sol to exceed California’s energy efficient standards for residential and nonresidential buildings by 10%. The developer also implemented measures and building techniques to improve indoor air quality, reduce harmful emissions and use recycled building materials.

Percival Vaz, president and CEO of Amcal, cites “a tremendous need for affordable housing in communities throughout the state of California.” The Agoura Hills-based company, in addition to multiple apartment developments for low-income families and seniors, has upcoming developments featuring work force for-sale housing. The company recently launched Amcal Equities, a division dedicated to acquiring existing income-producing properties and developing market-rate apartments.