Natomas Park Apartments

RESPO NS IBL E
PRO PE RT Y
IN V E S T M E N T
Natomas Park Apartments
Natomas Park Apartments
S O C I A L I M P A C T: S US TA I N A B I L I T Y
Avanath Affordable Housing II, LLC
•The following water conservation improvements have
1850 Club Center Drive, Sacramento, CA
been made to the property:
− Replaced 12,600 square feet of turf with drought-
SOCI A L IM PA CT: R EN T A F F OR D A BIL I T Y
•Constructed in 2003 under the Low Income Housing
Tax Credit (LIHTC) Program, Natomas Park is a 212-unit
multifamily property located in Sacramento, California.
•The property is subject to rent restrictions for
tolerant plants to achieve an average 30% reduction
in water usage
− Upgrade 196 turf sprinklers and nozzles to reduce water
consumption and eliminate run-off
− Installed three solar sync weather stations tied to sprinkler
eligible households:
− 20% of the units are set aside for households that earn
timers with a goal to reduce turf water consumption
•The property submitted and obtained a $2,500 rebate from
50% of the area median income (AMI)
− 20% of the units are set aside for households that earn
the City of Sacramento.
60% of the AMI
SOCI A L IM PA CT: R ES ID ENT S U PPORT S E RV I C E S
•Pacific Housing, Inc., a nonprofit organization, provides the
following resident services:
− Skills for Life program (ages 7 to 12), which includes
homework assistance, arts and crafts, cooking and
nutritional education, and confidence building exercises.
− Keys for Teens program (ages 13 to 17), which includes
homework assistance, leadership development, recreation
Natomas Park is a 212-unit multifamily property located
in Sacramento, California
and healthy lifestyles.
− Educational classes for adults, which includes resume
building, employment skills, computer skills and
financial literacy.
Skills for Life program
Skills for Life program
Responsible Property Investment – Natomas Park Apartments — Avanath Capital Management, LLC
Before
After Installation of Drought-tolerant Plants
Installation of turf sprinklers and nozzles
After Installation of Drought-tolerant Plants
After Installation of Drought-tolerant Plants
TOTAL INITIAL
COST
TOTAL REBATE
COST AFTER
REBATE
$ SAVINGS*
PAYBACK (YRS)
Replace turf with
drought-tolerant plants
$30,186
($2,500)
$27,686
$9,840
2.81
196
Upgrade turf sprinklers
and nozzles
$9,264
N/A
$9,264
N/A
N/A
3
Install solar sync
weather stations tied to
sprinkler timers
$2,910
N/A
$2,910
N/A
N/A
$42,360
($2,500)
$39,860
$9,840
4.05
LOCATION
QUANITY
Various
12,600 sq ft
Various
Various
Total
DESCRIPTION
*Based on 30% savings ($6,840) of estimated water usage plus estimated $250 per month landscape savings,
or $3,000 annually, from reduced maintenance costs on 12,600 sq ft of area.
Responsible Property Investment – Natomas Park Apartments — Avanath Capital Management, LLC