Rocky Hill, Vacaville, CA
Goal: Provide permanent housing solution for formerly homeless veterans and veteran families using cutting edage sustainability practices utilizing the former RDA land surplus.
Located in the suburban City of Vacaville in Solano County, Rocky Hill Veterans Apartments is one of CDP’s moost complicated development projects and the first concept to include permanent supportive housing. Completed in 2018, the project utilized 54 shipping containers to serve as the structural framing for 15 of the 39 apartments plus the community room. the single use re-purposed shipping containers were fabricated offsite, shipped to the property and completed by the general contractor. The goal of using containers was to provide a sustainable solution to housing that decreased the overall timeline for construction. The remaining units were built with stick frame construction, allowing for a real time comparison of construction methods which CDP will use going forward to further refine the construction process. The project includes solar panels, a community garden, children play area, local artwork, computer lab, onsite offices for property management and case services.
Rocky Hill represents CDP’s commitment to solving the housing crisis using innovative techniques. By exploring new construction techniques and combining those with known sustainability features, wrap around services and public-private partnerships CDP is looking to improve the housing development model. Working with the City for over 6 years on the City owned site, CDP was able to develop the preferred target population and leverage resources from the City of Vacaville, the Housing Authority, the VA, HCD, Federal home Loan Bank of SF, the Home Depot Foundation, non-profit investors, service providers and the LIHTC program along with private investment to provide housing that the City needed. 11 units of permanent supportive housing for formerly homeless veterans are combined with low income family veteran housing.
-Support from the local municipality by the way of long term land loan and Section 8 project based vouchers
-Support from the local VA by the way of case management and vouchers
-An adamant City Council looking for housing opportunities for veterans in a City with little affordable new construction being created.
-Small site with restrictive suburban land use restrictions
-A new technology with very few examples for our lenders and investors to rely on as comparison projects -A tight financing market with tax reform looming
Number of Units: 39
Lot Size: 1.40 acres
Density: 27 units/acre
Unit Size: 480-1280 square feet
Unit Mix: 12 studios, 15 3BD/2BA, 12 4BD/2BA
Parking Spaces: 69
Affordability: 15%-60% AMI
Financing: 4% LIHTC, TEB, VHHP, City Land Loan, AHP, Citi Salute, Home Depot Foundation, Sec-8 PBV/VASH
Contractor: Precision General Commercial Contractors
Property Management: Eden
Non-Profit Partner: Integrity Housing, Eden
Total Cost: $28,854,084
Cost Per Unit: $745,000
Federal Tax Credit Equity: $10,892,467
Perm Loan: $5,700,000
HOME DEPOT Grant: $300,000
City Owned Land Loan: $1,113,000
DOJ Note: $1,500,000 Citi Salute: $35,000
CDP Loan (Via LISC/NEF Bridge): $3,956,082 CDP Developer Fees: 1,400,000
CDP is proud to partner with these organizations, dedicated to bettering the lives not only of Rocky Hill Veterans’ residents, but of those lower-income residents in surrounding communities.
Based in Orange County, CA Integrity Housing (IH) is a non-profit owner and operator of affordable housing throughout California. IH has been a partner with CDP on multiple affordable projects in CA, AZ and OR. They bring a wealth of knowledge to the projects from soft financing consultation and grant writing to operating expertise.
As the leader in Solano County homeless Veteran services, Community Action North Bay provides essential case management to those veterans most in need. At Rocky Hill CAN=B will be providing case management services for the homeless veteran population.
Eden / Caminar
The mission of Eden Housing is to build and operate high quality, well managed, service-enhanced affordable housing communities that meet the diverse needs of lower income families, seniors, and persons with disabilities. As an ownership partner, service provider and property manager Eden is involved in multiple facets of the project.