Located in the heart of Santa Ana, the acquisition of La Placita Cinco, formerly named Tiny Tim, creates an innovative urban hub to the established Latino neighborhood. The creation of 51 new construction 2, 3, and 4- bedroom apartments in the three-story building revitalizes the underutilized strip center creating an aesthetically and functioning retail center and residential housing. La Placita Cinco serves families earning 30-60% of the Area Median Income (AMI). The project is supported through the City of Santa Ana Low-and Moderate-Income Housing Asset Fund and Inclusionary Housing Fund, along with 9% Low Income Housing Tax Credits and Tax-Exempt bonds.
Property Type: Families