OAK CREEK SENIOR VILLAS

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CITY OF THOUSAND OAKS, CA
City of Thousand Oaks Redevelopment Agency

LOCATION
367 E. Thousand Oaks Boulevard
Thousand Oaks, CA
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PROJECT SIZE
57 units on 1.83 acres, averaging 31 units per acre

For more information, contact Area Housing Authority
of the County of Ventura at 805-480-9991

PROJECT CONCEPT
Urban Pacific Builders, LLC in a public/private partnership with the City of Thousand Oaks Redevelopment Agency and the Area Housing Authority of the County of Ventura, is developing a high-density urban-infill site in the northern area of the City. This area is the fastest growing area in the City at present, and provided a perfect opportunity for Urban Pacific to develop a 100% affordable housing community to serve the needs of low-income tenants in the area. Urban Pacific will rent units to residents at 40% and 50% of Ventura County median income.

Architect:	KTGY Group, Irvine, CA
Current Status:	Completed, November 2004
Financial Status:	All project financing is in place, with the construction loan funded.
Source of Project Financing:	Simpson Housing Solutions, LLC Jeffrey Butcher, Director of Acquisitions 320 Golden Shore, Suite 200 Long Beach, CA 90802 562.256.2083 562.256.2004 Fax Bank of America Ms. Judy Graboyes 555 California Street, 6th Floor San Francisco, CA 94104 415.622.0861 415.622.1671 Fax
Project Cost:	$11,000,000