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Jamboree Housing Corporation to Purchase and Rehabilitate Heritage Villas Affordable Apartments in the City of Mission Viejo through Low-cost Financing Secured Through the CMFA

The Heritage Villas Apartments is an acquisition/rehabilitation project consisting of a 143-unit multifamily rental housing project. The project is located at 26836 Oso Parkway, in the City of Mission Viejo, California. The project will involve the rehabilitation of the existing structures. Rehabilitation will include updating the interior units as well as renovating the exterior of the buildings. The units will be restricted to households with incomes no more than 50% to 60% of the area median income. The financing of this project will result in continuing to provide affordable housing for 141 households in the City of Mission Viejo for another 55 years.

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