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The Palace Hotel
Acquisition Rehab
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PepperWood Apartment Homes
 
Site
•   Rancho Cucamonga, CA, Population 151,640
•   9.4 Acre site
•   Rehab creates affordability and improves jobs-housing balance in growing region
New Features at Pepperwood
•   Energy efficiency increased 20%
•   Brand new computer lab
•   New safety railing around pool
230 Renovated Apartments
•   New and upgraded paint, cabinets, flooring, insulation, electrical and plumbing
•   Energy efficient water heaters, FAU, and appliances
•   Double-paned windows, doors, and weather stripping
•   CFL lighting
•   Low-flow toilets
•   Hard-wired smoke detectors

 

 
Product Mix: 230 Total Units
•   50 Studios •   16 units at 35% AMI
•   128 one bdrm units •   86 units at 45% AMI
•   52 two bdrm units •   128 units at 60% AMI
•  
2007 Rents*: Studio - from $321
1 bedroom - from $335
2 bedroom - from $399

*Rents subject to change

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