All-age housing I Acquisition & Preservation

Pacific Villas
An 86-unit Naturally Occurring Affordable Housing (NOAH) community in Stockton.

CONTACT

4550 Shelley Court
Stockton, CA 95207

Phone: 209.957.1688
Fax: 209.957.8759
Directions | Website

OFFICE HOURS

Monday - Friday:
8:00 am to 5:00 pm

About

The acquisition of Pacific Villas preserved apartments with affordable rents without the use of larger public subsidies or the Low Income Housing Tax Credit program typically used to build and preserve affordable housing. Our partnerships with HPET and the City of Stockton allowed Linc to finance the purchase of these 86 units so that low-income households do not lose quality housing opportunities.
As a founding member of the Housing Partnership Equity Trust (HPET), Linc was able to purchase this existing apartment community and make much-needed exterior and sustainability renovations. Pacific Villas, originally built in 1979, is part of Linc Housing's initiative to maintain affordable housing options throughout California. When for-profit developers purchase older multifamily properties in high cost markets and reposition them as luxury apartments, the supply of affordable housing is diminished, often spurring gentrification. Instead, a mission-driven organization such as Linc Housing can acquire the property, make needed improvements, and keep rents low for residents in need of affordable housing.

Property Details

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SITE

  • Income restrictions apply
  • Family community
  • Number of Units: 86
  • One & Two Bedroom

Apartment Features

Balcony or patio
Granite countertops
Stove/oven
Garbage disposal
Heat/air conditioning
Refrigerator
Bedroom walk-in closets

COMMUNITY FEATURES

Gated access
Laundry facilities
Swimming pool
Public transportation convenient
Near restaurants, shopping, and grocery stores
Near San Joaquin Delta College

PRODUCT MIX

1 and 2 bedrooms from 717-817 sq. ft.
46 one bedrooms
40 two bedrooms


PERMANENT SOURCES

Citigroup Loan
Housing Partnership Equity Trust - LP
Linc Housing Corporation
City of Stockton NOFA Funds