Commercial & Residential Property Blog

The nonprofit Jamboree Housing Corp. has completed its latest affordable housing project, the Arbor at Woodbury Apartment Homes, a 90-unit, six-building property in the company’s hometown of Irvine, Calif. The development is designed to provide housing for families earning between 30 percent and 60 percent of the area’s median income.

The Federal Home Loan Bank of San Francisco awarded $35.3 million in Affordable Housing Program (AHP) grants in the second round of the 2009 competition. The AHP grants, awarded to 49 projects that address the unique needs of individual communities, will produce 3,458 affordable housing units in Arizona, California, Colorado, Idaho, Oklahoma, and Texas.