Madera Vista
Back to listMadera Vista is a three-phase, intergenerational, mixed-income property located in Temecula. Phase One comprises 20 affordable apartments for households earning up to 80% of the area median income and Phases Two and Three offer 70 affordable apartments for households earning 30-60% of the area median income, as well as 20 units designed specifically for seniors. Seven apartments are set aside for Project-Based Section 8 vouchers and filled on a referral basis from the Housing Authority of the County of Riverside. Madera Vista is located close to transit and amenities including two grocery stores, a hardware store, banks and other retail shops, along with several nearby large parks.
Architect: Phase I: Irwin Pancake; Phase II & III: KTGY Group, Inc.
General Contractor: Phase I & II: Wermers Multifamily; Phase III: Sun Country Builders
Financial Partners: All Phases: City of Temecula; Phase II: Wells Fargo, California Community Reinvestment Corporation, Phase III: County of Riverside Economic Development Agency, Housing Authority of the County of Riverside, Citibank, National Equity Fund, California Debt Limit Allocation Committee; Phase II & III: California Tax Credit Allocation Committee
