518 East Canon Perdido

Completion: April of 1999

518 East Canon Perdido, Santa Barbara

8 Special Needs 2 Bedroom Apartments

LIHTC, HOME and City SEMP(Socio-economic mitigation program)

$1,025,000 Total Project Cost

This in-fill development has been leased for over 10 years to a

local mental health organization to provide a very low cost, stable

source of independent living for its recent graduates training programs.

Using a master lease, the organization devotes net Section 8 program

income to supplemental services to the disabled residents.