Cascades is an acquisition/rehabilitation of an existing 112-unit market-rate apartment complex in Rancho Cordova — a new city in Sacramento's suburbs. A joint venture of Jamboree and Capital Valley Investments in 2007, these 32 two-story, garden-style buildings consist of 16 studio, 40 one-bedroom and 56 two-bedroom apartments and are affordable to working families who earn between 50% and 60% of the area median income.
A priority in developing Cascades was elevating the quality of the complex and preserving unit affordability for the existing residents. Extensive rehabilitation efforts included new roofs, siding and energy efficient dual glazed windows on the building exteriors. Inside the units new appliances, cabinetry, plumbing features, HVAC and floor coverings were installed as needed. No residents were displaced in the nine months it took to complete renovations.
Cascades now features a brand new community center for Jamboree's Housing with HEART resident services, in addition to the refurbished swimming pool, tot lot, re-landscaped green belts, two laundry facilities and covered parking. The complex is located just minutes from shopping, medical services and schools.