Windrow Apartments Irvine, CA (Opened in 2006)

Windrow Apartments
Irvine, CA (Opened in 2006)
Interview: Brad Wiblin, BRIDGE Housing
Development Description
Newly completed in the summer of 2006, Windrow Apartments is an entirely affordable
complex of 96 units with three income tiers located in suburban Irvine, CA (Orange
County). Windrow was developed by a partnership between nonprofit developer,
BRIDGE Housing, and the Irvine Company, a for-profit real estate investment company.
Windrow is located in a neighborhood with a poverty rate of 6% and is close to public
bus transportation, a freeway entrance and a new retail center. The site includes a
swimming pool, a picnic and barbeque area, half-court basketball, an exercise course, and
a continuous pedestrian/open space system between the buildings.
Developers
Finance
BRIDGE Housing is a nonprofit housing developer that
has developed more than 12,000 affordable rental and
sales units in CA, including many in Orange County
and several in the City of Irvine, in partnership with
the Irvine Company.
$6,620,000 CHFA Tax-Exempt Bond
$1,708,015 Orange Co. Redevelopment Agency
$600,000 City of Irvine HOME Funds
$5,903,200 4% LIHTC
$200,000 General Partner Equity
$10,728Accrued Interest*
The Irvine Company is a for-profit real estate
investment company with a portfolio of office, retail,
and apartment developments in master-planned
communities throughout Orange County and other
CA regions.
*during construction
Units and Income Mix
Management and Marketing
10 Units at 30% AMI
22 Units at 50% AMI (HUD)
64 Units at 50% AMI (City of Irvine) *
Windrow is managed by BRIDGE Property
Management Company. During the two-year predevelopment phase, BRIDGE created an “interest list”
and then mailed notices to those on the list when
the complex was ready for initial rent-up. BRIDGE
also placed notices in county-wide newspapers and
those with minority readerships.
96 Total
* City of Irvine AMI slightly higher than HUD’s AMI
guidelines for 50% AMI
20
$15,041,943 Total
Examples of Mixed-Income Housing
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Individuals in Poverty (2000) Orange County, CA
South WhittierWhittier
Chino
San Bernardino County
owney Santa Fe Springs
Chino Hills
East La MiradaLa Habra Brea
Norwalk
La Mirada
nt
Yorba Linda
ellflower
Fullerton
Placentia
ArtesiaCerritos
Buena Park
akewood
La Palma
Anaheim
Hawaiian Gardens
Cypress
Villa Park
ong Beach
l
Orange
Stanton
Los Alamitos
Rossmoor
Garden Grove
Norco
Home Gardens
Corona
El Cerrito
Riverside
Tustin Foothills
Seal Beach Westminster
Orange County
Santa Ana
Legend
Tustin
Fountain Valley
Huntington Beach
7
8
7
8
Windrow
Costa Mesa
Foothill Ranch
Portola Hills
Irvine
Water Feature
County Areas
Incorporated Places
Percent in Poverty
Lake Forest
Newport Beach
San Joaquin Hills
Study Site
% Poverty 2000
Rancho Santa Margarita
Laguna WoodsMission Viejo
Newport Coast
Laguna Hills
0 to 10%
10 to 20%
Coto de Caza20 to 30%
Las Flores
30 to 40%
Aliso Viejo
40 to 100%
Laguna Beach
Laguna Niguel
Prepared by: Kirwan Institute, Ohio State University
Prepared for: Fair Housing Justice Center
Date: 01/15/2007
Source: Sites from Fair Housing Justice Center all
other data from the U.S. Census Bureau
Windrow Apartments Irvine, CA
Resident Demographics
At Site (2006):
23% White 4% Black
18% Asian
6% Hispanic
4% Other
45% Unknown
In Census Tract (2000):
69% White
1% Black
31% Asian
7% Hispanic
In Irvine (2000):
61% White
1% Black
30% Asian
7% Hispanic
Individual Poverty Rates
In Census Tract
In Irvine
1990
2000
1990
2000
3.4%
6.0%
3.5%
9.1%
Examples of Mixed-Income Housing
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