Five months after breaking ground Orange County, framing is now complete for a $30-million project which is billed as Fountain Valley's first affordable housing development in more than 16 years.
Rendering of the Prado Family HomesDNA Architecture + Design, Inc.
Related California, a subsidiary of New York-based Related Cos., is developing the Prado Family Homes, which are located on a roughly two-acre site at 16790 S. Harbor Boulevard. Multiple buildings will include a mix of 50 one-, two-, and three-bedroom apartments, ranging from 500 to 1,000 square feet in size, as well as a community kitchen, a laundry facility, outdoor play areas, and workout equipment.
Per a 2019 application to the State of California for tax credit financing, rents for the apartments are to be limited to households earning between 30 and 60 percent of the area median income, with rents ranging from $587 to $1,851 per month.
DNA Architecture + Design, Inc. and Mannigan Design, Inc., compose the design team for the project, which consists of five different buildings ranging from one to three stories in height.
Rendering of the Prado Family HomesDNA Architecture + Design, Inc.
Completion of the Prado Family Homes is expected in early 2022, general contractor R.D. Olson announced in February.
Related California, which is perhaps best known for large mixed-use projects such as The Grand in Downtown Los Angeles, is also a prolific builder of affordable housing. The company completed work on a $24-million senior housing complex in Hyde Park last year, and broke ground earlier this year on an expansion and rebuild of the Rose Hills public housing facility in Montecito Heights.
16790 Harbor Boulevard - future site of the Prado Family HomesGoogle Maps
