Compass Rose in Richman Park, New Affordable Housing

Part of City of Fullerton community revitalization plan

Compass Rose in Richman Park, New Affordable Housing

Part of City of Fullerton community revitalization plan

Jamboree's newest affordable community Compass Rose in Fullerton, CA

We’re excited to announce our newest property development, Jamboree’s first in Fullerton, California. Compass Rose is a new construction plan to create 46 affordable apartments in the previously distressed neighborhood of Richman Park, near downtown Fullerton. The Fullerton Redevelopment Agency has focused resources here since 2002, and this current effort is part of an overall redevelopment plan reflecting the city’s ongoing commitment to improve the communities for its residents.

Compass Rose is a “scattered-site” development that covers an area that consists of 10 individual parcels, nine of which were purchased during the redevelopment agency era and are currently owned by the City of Fullerton. The tenth one was purchased by Jamboree. Construction of the $23.2 million project began in December 2017 and is slated for completion in February 2019.

A Unique Opportunity
Over the past 10 years, the City of Fullerton and the former Fullerton Redevelopment Agency invested more than $22.7 million to buy properties in the centrally located Richman Park neighborhood, an area that had suffered from high poverty and crime rates. These efforts are turning this neighborhood around by eliminating blight and overcrowding as well as bringing much needed affordable housing to this north Orange County city. 

More than 30 properties have been purchased and some have already been developed as affordable for-sale homes by Habitat for Humanity of Orange County. Jamboree’s proposed development will provide the affordable rental component of that master plan and will be Phase I of the new undertaking. 

Building design is by Humphreys and Partners Architects, and Advent Companies will serve as general contractor for the development. The John Stewart Company will provide onsite property management.

An Unusual Partnership
Habitat for Humanity of Orange County has built 12 homes in the Richman Park area and is currently building two additional affordable homes on the corner of Hyland and Truslow. Plus, the nonprofit is currently making final preparations to begin construction of 12 homes. These 12 Habitat for Humanity of Orange County homes and a private park are part of the larger revitalization effort to enhance the neighborhood by improving overall neighborhood aesthetics and providing ownership housing opportunities for low- and moderate-income households. Jamboree’s Compass Rose will add an affordable rental option for working families and is designed to be the first step of a long-term goal that our shared synergies will eventually provide residents with a unique opportunity to move from rental housing to owning their own affordable home.

A New Community
Located near the heart of downtown Fullerton, Compass Rose will provide 46 affordable rental units to serve households earning between 30% and 60% of the area median income. The property will consist of 14 one-bedroom units, 20 two-bedroom units, and 12 three-bedroom units in four two-story garden style buildings with approximately 5,000 square feet of outdoor amenity/recreation space. The property will include a 3,500 square foot community building that will house flexible recreational space, onsite management offices, kitchen facilities and space where free onsite resident services will be provided by Jamboree's Community Impact Group to all residents of the Richman Park neighborhood.

Jamboree will partner with Richman Elementary School to provide after-school programs, as well as with the University of California, Irvine (UCI) to provide baseline and progress testing to measure the students’ social and emotional skills. Jamboree’s primary focus is to strengthen students’ performance by increasing their self-esteem, confidence, and leadership skills.
 
The site is very conveniently located within one-half mile of a wide array of site amenities, including local transit, the Fullerton Transportation Center, Richman Park, Fullerton Public Library, Richman Elementary School, a health center, grocery story and other local shops.

Want to learn more about this or other Jamboree partnerships for community revitalization? Contact Roger Kinoshita, Jamboree’s Director of Business Development, or connect with him on LinkedIn to further the conversation and explore future opportunities.

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