In 2008, as part of the conditions to approve the purchase of the Washington Street Apartments by the Agency, USDA required that a future substantial rehabilitation and modernization of the project be constructed. The Agency underwrote site planning, engineering and design efforts to secure entitlements for the project. In 2011 the Project was suspended when the California Legislature dissolved all redevelopment agency’s in the State of California, including the Agency. Prior to the dissolution of the Agency, the City of La Quinta (“City”) established the Authority, which now has State approval to utilize 2014 and 2016 housing bonds. These funds when combined with 9% tax credit equity that the Developer proposes are sufficient to construct the project as designed and entitled.
The project, located on approximately 11.5 acres, will include the substantial rehabilitation of all existing units, construction of 68 new units, construction of 2 new community buildings, laundry facilities, a health center, and 2 swimming pools. The construction of the project is wood frame with color stucco walls and low sloping roofs constructed on concrete slab foundations. Formal outdoor recreation areas include roughly 2 acres of parkway/green belt for recreation and social gatherings, a dog park, two swimming pools and new sound wall along Washington Street.
10.3.18 Updates 8.20.18 Updates