956 Avenida del Vista, #1
Corona, CA 92882
Leasing Information
Leasing Phone:   951-735-1092
Leasing Fax:  951-735-3916
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Corona CA Acq/Rehab Preserves Affordable Housing

San Bernardino joint venture ensures long-term affordability

Located in Corona, CA, Jamboree acquired Corona Park in 2004. Together with Preservation Partners Development, an extensive renovation commenced that included landscaping, new interiors and updated roofing and siding. The family-oriented, affordable housing community now makes best use of outdoor spaces with amenities such as a playground, swimming pool and picnic tables. Green spaces and shade trees create inviting outdoor spaces, even as the updated interiors allow residents to feel at home. A carport and gated entry increase security for residents.

The property is enhanced by after-school programs and a community room. Corona Park is also a short drive from local schools, shopping and restaurants. A nearby rail line and easy access to the 91 freeway makes commuting easy in San Bernardino County.

Jamboree’s dedication to providing high-quality affordable housing to workforce families drove the successful refurbishment of this property. Ongoing partnerships with local government, investors and property management creates stability and long-term affordability for residents of the Corona Park Community.

Jamboree has partnered with Preservation Partners Development since 2000 to acquire, rehabilitate and permanently preserve “at-risk” affordable housing communities. In addition to Corona Park, this joint venture has led to the development of nine other family communities that provide long-term, secure housing with onsite resident services. As a longstanding, trusted collaborator with Jamboree, Preservation Partners Development provides onsite property management services at Corona Park, as well as the other properties. 


Community Features
  • Clubhouse
  • Carports
  • Playground/tot lot
  • Swimming pool
  • Laundry facility
  • Onsite resident services

Corona Park

956 Avenida del Vista, #1
Corona, CA 92882
Map & Directions
Leasing Information
Leasing Phone:   951-735-1092
Leasing Fax:  951-735-3916
 

Details

Funding Sources
  • Century Housing: Tax-exempt bonds
  • Comerica Bank: Permanent loan
  • Richman Group: 4% tax credit investment
Construction Type
  • Rehabilitation
Construction Team
Building Type
Garden-style
Resident Type
Family
Year Built
  • Built: 1971
  • Rehab: 2004
Number of Units
160
Total Development Cost
$21 million
Area Median Income (AMI)
50% - 60%
Floor Plans
  • 40 One-bedroom: 625 sqft
  • 80 Two-bedroom: 800 sqft
  • 40 Three-bedroom: 1,000 sqft
Jamboree's Role
  • Joint venture partner
 
Partner View (Change to Resident)
Jamboree Housing Corporation
Jamboree Housing Corporation
17701 Cowan Ave, Suite 200
Irvine, CA 92614
(949) 263-8676
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© Copyright 2018 Jamboree Housing Corporation. All Rights Reserved.
© Copyright 2018 Jamboree Housing Corporation.
All Rights Reserved.
Access for All Equal Housing Opportunity
Access for All Equal Housing Opportunity