Murrieta, Calif. – National CORE, Riverside County, the City of Murrieta and partners on June 29 broke ground on Oak View Ranch, a new community in Murrieta that will provide much-needed affordable apartment homes to the growing metropolis.
“This community will be our first in the City of Murrieta and will offer affordable living for nearly 200 individuals and families. At every National CORE community, we ensure that our residents have access to quality programs and services to provide additional support,” National CORE President Michael Ruane said. “National CORE is proud to expand our footprint in the County of Riverside and to bring new investment to the ever-growing City of Murrieta.”
Expected to be completed in a year, Oak View Ranch will transform an underutilized plot of land into beautiful homes for individuals, families and seniors in the historic downtown neighborhood, walkable to the city’s center.
The development also will preserve a 100-year-old oak tree.
The first phase of construction will create 119 one-, two- and three-bedroom apartments for families earning less than 60% of the area median income. The second phase will provide 81 homes for seniors and is scheduled to begin construction in late winter.
“The County of Riverside is proud to support the Oak View Ranch Family Apartments with over $9.5 million in American Rescue Plan Act funds and Housing Choice Voucher Program Project Based Vouchers,” Riverside County Third District Supervisor Chuck Washington said. “Each year, more and more families choose to call Riverside County’s Third District their home and, because of developments like Oak View Ranch, anyone can live, work and play in the City of Murrieta regardless of age or income.”
Oak View Ranch is near the City of Murrieta’s town square and within walking distance of the city library, local schools, parks and retail stores. Onsite amenities include a state-of-the-art community center, Boys & Girls Club, an outdoor play area, a pet-friendly space, a swimming pool, community garden, half-court basketball, and a clubhouse.
As a LEED PowerBuilder, National CORE prioritizes water conservation, energy efficiency and sustainability in each apartment home. National CORE anticipates that Oak View Ranch will receive a LEED for Homes certification at the gold level or better.
The development was made possible through American Rescue Plan Act funds committed by the County of Riverside and the City of Murrieta, as well as support from the City of Murrieta Housing Authority and Bank of America.
In addition to the Hope through Housing Foundation community space, National CORE will build a dedicated facility for the Boys & Girls Club of Southwest County to offer onsite programs for children and teens. Hope through Housing’s Building Bright Futures initiative includes after-school programs, teen clubs, college and career readiness, and annual scholarships.
# # #
About National CORE
National CORE is one of the largest nonprofit developers in the nation, with a 30-year history of being an innovator in the field. In 2021 National CORE became one of only two affordable housing developers to earn an A+ credit rating from Standard & Poor’s Global Ratings. In 2022, National CORE issued $100 million in Series 2022 Social Bonds to accelerate the development of critically needed affordable housing. Serving more than 25,000 residents, National CORE strives to be a launching pad, not a landing pad, for families struggling financially. In 1998 National CORE created the Hope through Housing Foundation, a philanthropic nonprofit, whose mission is to end the cycle of generational poverty through resident services that promote educational attainment, economic mobility, and overall wellbeing.
About Hope through Housing Foundation
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.