Charles Street Apartments

Construction start: 11/4/2010

Completion: 3/21/2012

396 Charles Street, Moorpark

Very Low and Low Income Large Family, New Construction

20 Units, 9% LITHTC, Allocated 2010

Redevelopment $1,776, 500

HOME $471,000 funding

$9,200,000 Total Project Cost

Bank of America, Construction/Permanent Lender, Equity Partner

General Contractor: Staples Construction

Design and Engineering Team: Steven Geoffrion of Lauterbach Architects

As Housing Consultant, Frank Thompson assisted the development team including The Area Housing Authority of the County of Ventura and Santa Barbara Housing Assistance Corporation as General Partners and Bank of America as equity partner, construction and permanent lender, to utilize Redevelopment Agency funding and County of Ventura HOME funding to construct 20 new large family rental units. The design includes a two story elevator-served building with Craftsman detailing, 2 level courtyard terraces and an underground parking structure. The building exceeds Title 24 energy requirements and includes solar water heating and solar electric generation.