261 E. Alaska Ave
Fairfield, CA 94533
Leasing Information
Leasing Phone:   707-422-4088
Leasing Fax:  707-422-1856
Jamboree's affordable Monument Arms in Fairfield, CA rehabbed exterior of Monument Arms
Jamboree's affordable Monument Arms in Fairfield, CA community room of Monument Arms
Jamboree's affordable Monument Arms in Fairfield, CA parking lot of Monument Arms
Jamboree's affordable Monument Arms in Fairfield, CA rehabbed exterior of Monument Arms
Jamboree's affordable Monument Arms in Fairfield, CA community room of Monument Arms
Jamboree's affordable Monument Arms in Fairfield, CA parking lot of Monument Arms

Renovated Family Affordable Housing, Fairfield, CA

Private/public partnership major acq/rehab in Solano County

The renovation of Monument Arms in Fairfield is a joint venture collaboration between Jamboree and Community Preservation Partners, the development arm of WNC & Associates, Inc. – a leading tax credit investor nationwide since 1971.

Goals for the renovation were to ensure long–term affordability for residents and to significantly raise the quality of the residences and amenities. Residents were temporarily relocated during the rehabilitation, which included new windows, water heaters, flooring, and upgrades to central heating and air. All kitchens and bathrooms were completely refurbished with new cabinets, counter tops, appliances, lighting and plumbing fixtures.

New landscaping and other sustainable building approaches were used to promote environmental health and bring Monument Arms up to current accessibility and green standards. Amenities such as a playground and swimming pool increase resident use of outdoor spaces. 

In jeopardy of going to market-rate rents, the joint venture replaced the expiring U.S. Department of Housing and Urban Development (HUD) HAP contracts with bonds, 4% tax credits and a long-term Section 8 contract, preserving the affordability of the apartment homes for at least another 55 years.


Community Features
  • CalGreen Title 24
  • Near mass transit
  • Playground/tot lot
  • Laundry facility
  • Water-efficient landscaping

Monument Arms

261 E. Alaska Ave
Fairfield, CA 94533
Map & Directions
Leasing Information
Leasing Phone:   707-422-4088
Leasing Fax:  707-422-1856
 

Details

Funding Sources
  • Century Housing Corporation: Bridge loan
  • Citibank: Construction and permanent loans
  • WNC & Associates, Inc.: 4% tax credit investment
Construction Type
  • Rehabilitation
Construction Team
Building Type
Garden-style
Resident Type
Family
Year Built
  • Built: 1972
  • Rehab: 2015
Number of Units
92
Total Development Cost
$15.2 million
Area Median Income (AMI)
50% - 60%
Land Size
4.53 acres
Floor Plans
  • 10 Studio: 416 sqft
  • 8 One-bedroom: 600 sqft
  • 24 Two-bedroom: 795 sqft
  • 30 Three-bedroom: 1,045 sqft
  • 20 Four-bedroom: 1,260 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.
Access for All Equal Housing Opportunity
Access for All Equal Housing Opportunity