Paseo del Oro

432 W. Mission Road • San Marcos, California 92069

Once home to two severely blighted strip malls and a gas station dating to the late 1950s, Paseo del Oro revitalized the area with 120 units of multi-family, mixed-income housing and 23,000 square feet of retail space. Most of the existing commercial tenants were ultimately relocated, at below market rents, to new retail space within Paseo del Oro, retaining and enhancing badly needed neighborhood shopping opportunities.

Project Specifications

Total Units (120 Units)

  • 24 1-Bedroom
  • 59 2-Bedrooms
  • 37 3-Bedrooms

Role

  • Developer
  • Property Manager
  • Supportive Services Provider

Financing Sources

  • LIHTC – 9%
  • County of San Diego HOME/HOPWA Loan
  • City of San Marcos RDA Loan
  • FHLB AHP
  • Permanent Loan

Onsite Amenities

  • Pool
  • Two Playgrounds
  • Community Room
  • Learning Center
  • Laundry Facility
Information about the Services Provider

Believing that both people and place matter in achieving community-wide well-being, Hope through Housing concentrates on direct services, partnerships, and other resources right in the neighborhoods that need them most. At the individual level, our goal is to see all people thrive—whether that means helping children do well in school, improving families’ financial situations, providing supportive services to individuals with special needs, or making it possible for seniors to age with dignity in their own homes. These individual successes add up, influencing the community’s quality of life and enabling real change in neighborhoods of poverty, crime, blight, and isolation.

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