Miraflores Apartments in Anaheim Demonstrates the City’s Long-Term Commitment to Provide High-Quality Housing Options
Anaheim, Calif. – National CORE, the City of Anaheim, and other development partners broke ground on a new affordable housing development located off Anaheim Boulevard. Miraflores Apartments will provide 85 much-needed apartment homes to individuals and families in northwestern Orange County, one of the nation’s most expensive housing markets. The new community demonstrates the City of Anaheim’s long-term commitment to provide an abundance and variety of high-quality housing options for residents of all income levels.
“A safe, stable, and supportive place to call home will make a world of difference for our residents living in the Miraflores community,” said Anaheim Council Member Avelino Valencia, who represents District 4, where Miraflores is located. “Even better, this project will integrate with the existing neighborhood and truly become an asset for our community. I’m thrilled to see more affordable housing in Anaheim that will lead the way to a healthier, happier quality of life for our families and workforce.”
Miraflores will offer affordable one-, two-, and three-bedroom homes for individuals and families earning 60% or less than the area median income for Orange County. Eight of these one-bedroom homes will be reserved for individuals who are or at-risk of becoming unhoused.
As one of the most expensive housing markets in the nation, the cost of housing in Orange County continues to be out of reach for many low to moderate income households, with the cost burden only expected to increase into the future. The National Low Income Housing Coalition (NLIHC) 2022 Out of Reach Report showed that the average two-bedroom rent in Orange County is $2,324 per month – to afford this rent, a family must make $92,960 annually, or $44.69 an hour. Miraflores expands the supply of affordable housing in the city, offering individuals and families the same access to opportunities available to their more affluent neighbors in this resource-rich area.
“We applaud the City of Anaheim in their efforts to increase the supply of high-quality affordable housing in Northwestern Orange County,” said National CORE President and CEO, Steve PonTell. “We are excited to celebrate the groundbreaking of this beautiful, sustainable community that will provide attainable homes for over eighty individuals and families in the area.”
To keep the community 100% affordable, National CORE utilized a complex financing model, including funding from the Orange County Housing Finance Trust, a regional funding source for affordable development projects.
“The Miraflores Apartments is one of sixteen projects the Orange County Housing Finance Trust has financially supported since our formation three years ago,” stated Orange County Housing Finance Trust Chair and Anaheim Council Member Stephen Faessel. “Miraflores Apartments is an example of high-quality affordable housing. It also meets the criteria of the Trust mission to strengthen communities by financing development of affordable housing for the most vulnerable populations of the County.”
Miraflores will be built in a California Contemporary architectural style with sustainable construction with National CORE’s signature sustainable construction features, such as an energy-efficient, tight building envelope, high performance HVAC and hot water delivery systems, high efficiency plumbing fixtures, drought-tolerant landscaping, and high-efficiency LED lighting. National CORE anticipates that Miraflores will be certified as LEED for Homes Gold or better.
A spacious community center will serve as the hub for resident services and activities. Onsite programming will be made available for all residents by the Hope through Housing Foundation, providing services that gives residents the resources and support they need to thrive. Additionally, at Miraflores, Hope through Housing will focus on youth development programming, partnering with local community organizations to best support children, teens, and their families. Other amenities will include a swimming pool, a playground, 1,900 square-foot of flexible neighborhood-serving space, an outdoor rooftop lounge deck, and community gardens.
“We look forward to delivering onsite financial coaching, community resources, and youth development programs to residents that will empower them to achieve greater economic mobility in their new homes at Miraflores.” said Greg Bradbard, President of Hope through Housing and Senior Vice President of Social Impact at National CORE.
About National CORE
National CORE, based in Southern California, is one of the nation’s largest nonprofit developers of affordable housing. National CORE manages nearly 10,000 affordable, senior, and market-rate units in California, Texas, and Florida. National CORE’s strength is in its ability to offer partners an array of in-house capabilities that navigates the complexities of planning, developing, building, managing, and providing supportive services. For more information on National CORE, please visit www.nationalcore.org.
About Hope through Housing
Hope through Housing believes that affordable housing can be a platform for transformational change at the individual and neighborhood level. For more than 20 years, the Hope through Housing Foundation has provided more than 2 million hours of transformational social services helping children and teens achieve success, improving families’ financial well-being, and promoting seniors’ health and wellness. For more information on Hope through Housing, please visit www.hthf.org.
Jill Van Balen