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.