Project Specifications

Total Units: 136
  • 36 1-Bedroom
  • 98 2-Bedroom
  • 2 3-Bedroom
Affordability: 100% Affordable
  • 35%,45%,50%,60%AMI
  • Completed in 1999
Role
  • Owner • General Contractor • Developer • Property Manager • Supportive Services Provider
Financing Sources
  • Tax-Exempt Bonds
  • LIHTC - 4%
  • FHLB AHP
  • Permanent Loan
  • County of San Diego HOME Loan
  • City of San Marcos RDA Loan
Onsite Amenities
  • Swimming Pool
  • Laundry Facility
  • Learning Center
  • Gated Community
  • Community Room
  • Two Playgrounds
  • Basketball Court
Awards
  • 2002 Affordable Housing Management Assoc., Pacific Southwest ChapterExemplary Family Property
  • 2001 National Association of Home BuildersPillars of the Industry Finalist: Best Rehab
Acquisition/Rehab (Family)
Villa Serena
340 Marcos Street • San Marcos, CA 92069

Villa Serena was National CORE’s first step in partnering with the City of San Marcos to completely revitalize the Richmar neighborhood, which for nearly two decades had been characterized by dilapidated buildings and high crime. Villa Serena was rehabilitated by CORE upon acquiring the property, and now includes a community room, swimming pool, two playground areas and a learning center with computers.

 
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