An affordable apartment community under construction near highly rated schools and new parks in Roseville will provide much-needed housing and help build the foundation for residents to “succeed and excel.”
About 50 community members, including elected leaders and local officials, celebrated the groundbreaking on April 30 of Terracina at Winding Creek, an affordable apartment community in the new Creekview neighborhood of west Roseville.
Terracina at Winding Creek will have a north and south site – located at 3440 Westbrook Blvd. and 1040 Lower Bank Drive – and should be completed in early 2026.
Terracina at Winding Creek will create far-reaching benefits for lower-income residents – and for the fast-growing region, speakers said during the groundbreaking celebration.
“It’s like planting seeds,” USA Properties President Geoff Brown said. “Affordable housing is such a conduit to addressing other social challenges. We are trying to house people and change lives.”
Geoff Brown, President of USA Properties FundJust some of the people who have worked on the projectMarina Wiant, Executive Director of CDLAC and TCAC
‘Work and live in the community’
The 284-apartment community will allow lower-income residents – including professionals early in their careers and hard-working families – to “work and live in the community,” said Roseville Mayor Bruce Houdesheldt.
Terracina at Winding Creek will “lift up the lives of people who will start here and be a part of our community for a long time,” Houdesheldt said. “We want housing options for everyone in our community.”
The apartment community is available to households that earn 30% to 70% of the area’s median income, currently $81,110 for a five-person household. The income limit will likely increase when Terracina at Winding Creek starts leasing.
Terracina at Winding Creek ensures lower-income residents have access to affordable, quality housing, first-rate health providers, highly rated schools and good-paying jobs in one of the state’s strongest economic regions.
“These are hardworking people with jobs,” said California Assemblymember Joe Patterson, who represents the district. “The residents really take ownership.”
Want more info on Terracina at Winding Creek?
Check out the location, amenities, current income limits and rent ranges (they will change slightly before opening in early 2026).
Affordable apartment communities such as Terracina at Winding Creek provide a “big step forward” in helping improve the lives of lower-income residents, who often spend too much of their hard-earned money on housing and live with much uncertainty, said Will Cooper Jr., Chairman and CEO of WNC and Associates. The company is the tax credit investor for the $119.2 million Terracina at Winding Creek project.
Terracina at Winding Creek will provide residents with computer access, a fitness room, and health and wellness classes.
Terracina at Winding Creek is part of Anthem Properties’ Creekview Master Plan that includes housing, commercial development, a school and neighborhood parks in west Roseville. Anthem Properties donated the land for Terracina at Winding Creek.
“This project is an amazing example of meeting the state’s housing goals,” said Marina Wiant, Executive Director of the California Debt Limit Allocation Committee and the California Tax Credit Allocation Committee. “We want to break the cycle (of poverty). We want families to succeed and excel.”
Photos by Terri Olson of Image Outfitters Photography
301-studio community includes a rooftop deck, fitness center and a courtyard with barbecues
USA Properties Fund has started leasing Virginia Street Studios, an affordable apartment community for low-income residents seeking an active and maintenance-free lifestyle but also want a long list of amenities, including a community room and a rooftop deck with mountain views, in the heart of San Jose.
The 301-apartment community – located at 255 E. Virginia Street, at the intersection of Seventh Street – is just a few blocks from the center of downtown and close to several neighborhood markets, dozens of restaurants, San Jose State University and a Walmart Supercenter. Virginia Street Studios is also a block from Interstate 280 and close to public transportation.
“It’s got that downtown feel,” said Ana Gowdey, Regional Manager for USA Properties Fund, the property manager and an investor-partner in Virginia Street Studios with The Pacific Companies and Autovol. “It’s really a great environment.”
The all-studio community will accommodate early-in-their-career professionals – such as government employees and school teachers – to empty-nesters and retirees living on a fixed income looking for lower-cost housing, less maintenance and more leisure time.
VIRGINIA STREET STUDIOS
OPEN HOUSE
Virginia Street Studios will hold an open house 9-4 p.m. Friday (April 26) and Saturday (April 27).
“San Jose is seeing the critical need for affordable housing as we see large swaths of our communities being displaced due to the high cost of rent,” said San Jose City Councilmember Omar Torres, who represents District 3 which includes Virginia Street Studios. “Virginia Street Studios will allow over 300 residents to stay in the city they call home and remain part of our city fabric.”
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Studios include air conditioning, ceiling fans, energy-efficient appliances — including a full-size refrigerator — vinyl plank flooring, and either a balcony or patio, depending on the floor.
Affordable but with a wealth of amenities
Indeed, almost half of renters spend at least 30% of their income on housing in San Jose, and the figure is much higher for lower-income residents, according to the latest Joint Center for Housing Studies of Harvard University report.
Residents who earn 50% to 60% of the area median income for Santa Clara County – between $62,450 and $74,940 for a single person to $71,400 and $85,680 for a two-person household – are eligible for Virginia Street Studios.
A rooftop deck allows residents to enjoy the cool evenings and the views of the nearby mountains.
The studios rent for $1,567 to $1,890 per month, depending on household income, hundreds of dollars less than nearby market-rate studios, according to industry tracker Zumper.
The dog-friendly apartment community is affordable but also comes with an impressive list of amenities, including many often not found in market-rate properties.
Virginia Street Studios features a community room with a large kitchen, a fitness room, a second-floor courtyard with barbecues and tables, and a seventh-floor rooftop deck with seating areas. The apartment community also includes a lounge and computer room on the third floor and a fourth-floor game room with chess tables, a pool table and board games.
Residents will enjoy on-site laundry facilities on each floor, multiple elevators, controlled access for security, a bike room with bike racks, and 120 assigned parking spaces are available in a parking garage on a first-come, first-served basis for those with vehicles.
The studios feature air conditioning, ceiling fans, energy-efficient appliances – including a full-size refrigerator – vinyl plank flooring, and either a balcony or patio.
“It’s getting a lot of attention, especially from the younger generation,” Gowdey said of the apartment community in the center of Silicon Valley. “It’s centrally located whether you want to enjoy the neighborhood or the entire Bay Area.”
Public-private partnership made 169-apartment community possible
Several dozen community leaders, company officials and residents celebrated the grand opening April 5 of The Canopy Apartments at Powell, a much-needed apartment community in east Portland.
“This is the best place I’ve ever lived,” said resident Jessie Love, who recently lived in a Tiny Home Village and experienced homelessness for almost a decade before moving to The Canopy Apartment at Powell with his pet rabbit, Mamas. “This is an opportunity for change, for a better life.”
The Canopy Apartments at Powell has easy access for Love and other residents to public transportation, schools and several shopping centers in east Portland.
The 169-apartment community, available to residents who meet income requirements, features a long list of amenities, including a bike room, an after-school program for children a few days a week, a courtyard with a tot lot, a dog wash and a donation pantry, allowing residents to share food resources.
The $63 million development is the first of two apartment communities in Oregon for USA Properties Fund.
Far-reaching and forward-looking efforts to address the critical shortage of affordable housing, including through legislation and local bond measures passed by voters in recent years, attracted USA Properties to Oregon.
The Canopy Apartments at Powell
“The Canopy Apartments at Powell is an excellent project to enter the Portland market and introduce our company to Oregon,” said USA Properties President Geoff Brown, who knows the region well, earning a bachelor’s degree in Economics from Willamette University in Salem. “We greatly appreciate the relationships we have developed and enjoy working with Northwest Housing and OHCS. They are partners who understand affordable housing and the importance of providing housing for lower-income residents.”
USA Properties Fund and Northwest Housing Alternatives are also partners on Terracina Vista, an affordable apartment community under construction in nearby Gresham.
“Canopy Apartments offers wonderful affordable housing opportunities,” said Trell Anderson, Executive Director of Northwest Housing Alternatives. “We are grateful for the partnership with USA Properties Fund and OHCS. We know stable affordable housing like this gives kids who live here a better opportunity to succeed in education and we look forward to supporting them and their families with an after-school program.”
The public-private partnership, including $15.2 million from OHCS’ Local Innovation and Fast Track (LIFT) Housing Program, was critical in paving the way for The Canopy Apartments at Powell.
“This investment aims to create more affordable housing while also fostering connections within communities,” said OHCS Director Andrea Bell. “The truth is clear: when people have access to opportunities, it leads to greater social and economic mobility and prosperity. Today, we are taking actions toward that goal. This city has seen powerful examples of why this is so important, and The Canopy at Powell Apartments once again highlights the strong link between housing and justice.”
The Portland Housing Bureau also had a leading role in making Canopy Apartments possible, waiving millions of dollars in development fees.
WNC & Associates and JP Morgan Chase are financial partners on the project. WALSH Construction Co. was the general contractor.
“WNC is proud to serve as a financial partner for The Canopy Apartments at Powell,” said Anil Advani, Executive Vice President of Originations and Finance at WNC. “The Portland market is long overdue for an increase in affordable housing investment. We are pleased to continue expanding our footprint in Oregon and providing affordable housing for many years to come.”
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Smaller rents and three-bedroom apartments
The Canopy Apartments at Powell will provide more affordable housing for Portland-area residents, where half of households that rent are cost-burdened, spending at least 30% of their income on housing, according to the Joint Center for Housing Studies of Harvard University. One of four renters spend more than 50% of their income on housing.
“We’re proud to have played a role in the development of the Canopy Apartments at Powell, which will bring much-needed affordable housing to individuals and families in Portland,” said Bob Powers, Managing Director of Chase Community Development Banking. “These high-quality, sustainable units will be an indispensable asset for the community, increasing the local stock of affordable housing and helping improve the lives of the residents who will call it home.”
The recently opened apartment community is for residents earning less than 60% of the area’s median income – about $54,180 for a two-person household or $73,140 for a family of five. Rents range from about $1,224 for a one-bedroom apartment to $1,680 for a three-bedroom unit.
Those rents are significantly less than nearby market-rate apartments in the Portland region, according to multiple rental sites.
About half of the apartments are three-bedroom units at Canopy Apartments at Powell, meeting the need for larger living spaces for families.
Amenities include elevators, laundry facilities on each floor, and on-site parking. Apartments can also accommodate tenant-owned air conditioning units, if necessary.
Apartments feature electric heating; laminate flooring; energy-efficient appliances, lighting insulation and windows; and low-flow faucets, showers and toilets. Canopy Apartments also boasts healthier indoor air and a more weather-resistant design, and used building materials found within 500 miles – benefiting local businesses and reducing the environmental impact from shipping.
“If you want change, you just have to go for it. This feels like home.”
Jessie Love, resident (Love with his pet rabbit, Mamas, at the grand opening celebration with other guests).
USA Properties Fund – already with 90 apartment communities in California and Nevada – could further expand with more projects in Oregon.
“Oregon and Portland-area leaders are committed to addressing the critical shortage of affordable housing, and we are looking forward to looking for projects that make sense for our company and partners,” Brown said. “Canopy Apartments is an excellent example of what we can accomplish when we work together to find effective housing solutions for residents.”
Love, who moved into his one-bedroom apartment a few weeks ago, agrees.
The apartment community is “about getting a foot under you,” Love said. “If you want change, you just have to go for it. This feels like home.”
The 92-apartment community is along a MAX light-rail line and will offer a community room, inside bike storage and three-bedroom units
Community leaders and company officials celebrated April 4 the groundbreaking of Terracina Vista, an affordable apartment community in Gresham, Oregon, along a MAX light-rail line and close to shopping centers, schools, health providers and two freeways.
USA Properties Fund, one of the fastest-growing and leading affordable developer-manager-owners in the West, and Northwest Housing Alternatives are partners on Terracina Vista – located at 16519 E. Burnside Street, about 10 miles from downtown Portland.
The 92-apartment community will include a community room, computer workstations and inside bike storage, a popular feature in the bike-friendly Portland region. Terracina Vista should be completed in summer 2025.
Terracina VISTA
Several public and private organizations are partners in Terracina Vista. The City of Gresham, Oregon Housing and Community Services, and Oregon Metro are subsidy lenders on Terracina Vista. WNC & Associates is the tax credit investor on Terracina Vista. The construction lender is Capital One and the permanent lender is Citi Community Capital.
“We’re encouraged by this collaboration and the opportunity to provide much-needed affordable housing options to our community,” said Gresham Mayor Travis Stovall. “Housing for all is one of Gresham’s strategic plan priorities, and projects like this bring us closer to that vision.”
Gresham Mayor Travis Stovall (second from the right) with USA Properties Fund’s Darren Bobrowsky and Steve Gall, and Northwest Housing Alternatives Executive Director Trell Anderson.
Terracina Vista will provide ‘access to safe, stable and affordable housing’
The $43 million development is the second in Oregon for USA Properties Fund, which has more than 90 affordable and market-rate apartment communities in California and Nevada. The company and Northwest Housing Alternatives are also partners on The Canopy Apartments at Powell, a 169-apartment community that has started leasing in nearby east Portland.
The state’s efforts to address the critical shortage of affordable housing, including through legislation and local bond measures passed by voters in recent years, drew USA Properties to Oregon.
“Oregon has been working hard on developing more affordable housing and ensuring lower-income residents have a quality, safe place to call home,” said Geoff Brown, President of USA Properties. “In a short time, we have already developed strong relationships in the region and enjoy working with Northwest Housing Alternatives and Oregon Housing and Community Services.”
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Terracina Vista is within the Rockwood-West Gresham Urban Renewal Plan. The urban renewal plan is an effort to boost the economy, improve job opportunities, provide more affordable housing and revive the Rockwood neighborhood.
“Northwest Housing Alternatives is committed to increasing access to safe, stable and affordable housing,” said Trell Anderson, Executive Director of Northwest Housing Alternatives. “Our investment in Terracina Vista is one more step forward in addressing the critical housing crisis in the Portland metro region and helping some of our most vulnerable community members. Affordable housing serves as the foundation for building a better future, from improving health to the overall well-being of residents.”
‘Affordable housing … is one of the most pressing issues many Oregonians are facing’
Terracina Vista will provide critically needed affordable housing for low-income residents in the Portland area, where half of households that rent are considered “cost-burdened,” spending at least 30% of their income on housing, according to the Joint Center for Housing Studies of Harvard University. More than one of every four (27%) households that rent spend at least half of their income on housing.
“The need for affordable housing across the state is one of the most pressing issues many Oregonians are facing day in and day out,” said Oregon Housing and Community Services Director Andrea Bell. “Incomes have not kept up or adjusted for inflation. Our collective mandate is to continue to come together and prioritize the creation of housing developments like Terracina Vista.”
The apartment community is for residents earning less than 60% of the area’s median income – about $67,680 per year for a family of four. Rents will be announced closer to the completion of Terracina Vista, but will be hundreds of dollars less than nearby market-rate apartment communities.
Almost half of the apartments at Terracina Vista will have three bedrooms, helping meet an often-overlooked and underserved group of renters – families.
“We are committed to meeting the housing needs of all residents, whether they are a growing family or retirees living on a fixed income,” Brown said. “As much as we are building apartment communities, we are also developing a community where people from various backgrounds will share experiences, enjoy time together and support each other.”
Terracina Vista will feature a community room, where residents can connect and get together. Other amenities will include elevators and laundry facilities in the four-story building.
Apartments will include energy-efficient appliances and lighting, and low-flow faucets, showers and toilets.
USA Properties will continue to look at other possible projects in the Portland area, which needs an estimated 58,600 more homes to meet the current demand for housing – the 19th-largest deficit in the U.S., according to Just For Growth. “Terracina Vista is another important step in a very long journey,” Brown said. “Every home that becomes available opens the door for another opportunity for residents.”
More views of the future Terracina Vista apartment community
The 284-apartment community will help more residents to live and work in south Placer County
ROSEVILLE, Calif. – USA Properties Fund has started construction on Terracina at Winding Creek, an affordable apartment community in west Roseville that will provide much-needed housing for residents, from early-in-their career professionals and hardworking families saving for their first house to retirees living on a fixed income.
Terracina at Winding Creek will have a north and south site – located at 3440 Westbrook Blvd. and 1040 Lower Bank Drive – and provide affordable one- to three-bedroom apartments in one of the nation’s fastest-growing cities where rent increases have easily exceeded pay raises during the past several years.
The 284-apartment community is close to a large neighborhood shopping center with a grocery store, highly rated public schools and dozens of neighborhood parks. Several major shopping centers – including the Westfield Galleria at Roseville, the largest mall in the Sacramento region – and numerous health providers, including Kaiser Permanente and Sutter Health, are just a few miles away.
“West Roseville is an excellent neighborhood, offering first-rate schools, a network of walking trails and some of the best parks in the region,” said Geoff Brown, President of USA Properties Fund. “We’re happy to help fill the critical need for more affordable, quality housing in our community.”
Roseville-based USA Properties – one of the nation’s fastest-growing and largest affordable apartment-developer-managers in the West – has 33 apartment communities in the Sacramento region, but Terracina at Winding Creek will be only the second in its hometown. Vintage Square at Westpark, an affordable apartment community for 55-and-older residents, is less than two miles away.
WNC & Associates, a national leader in affordable housing syndication, development and preservation, is the tax credit investor for the $119.2 million Terracina at Winding Creek project. JPMorgan Chase & Co. is the construction and permanent lender on the project.
Terracina at Winding Creek
Terracina at Winding Creek will be affordable, but also amenities rich. The apartment community will include a community room, a courtyard area with play equipment, computer workstations and almost 500 parking spaces.
“We are excited to work again with our longtime partner USA Properties on Terracina at Winding Creek,” said Anil Advani, Executive President of Originations and Finance for WNC & Associates. “In addition to safe and affordable housing, Terracina at Westpark will provide residents with computer access, an exercise room, and health and wellness classes. With these opportunities, it is our hope that residents can build a foundation for growth.”
Roseville, recently listed as the 20th fastest-growing city in the U.S. by SmartAsset, has earned dozens of “best” accolades in recent years, from one of the best cities to live in California to a top-rated place to raise a family.
The attention and booming demand for housing has increased rents by more than 10% during the past year in south Placer County, about double the average pay raise for residents, according to the U.S. Census Bureau.
“Roseville has long been a leader in assisting with the development of affordable housing, and we are committed to building our share,” said Roseville Mayor Bruce Houdesheldt. “We made the commitment back in 1989 when we instituted the 10% affordable housing goal. This goal helps ensure that there are housing options for all members of the community, spread throughout our city, and makes Roseville a welcoming place.”
Terracina at Winding Creek will be available to residents earning 30% to 70% of the area median income for Placer County, about $25,740 for a two-person household to $81,060 per year for a five-person household.
Few affordable apartment communities have three-bedroom units, popular with growing families. To meet this need, Terracina at Winding Creek will offer 71 three-bedroom units, in addition to its 97 one-bedroom apartments and 116 two-bedroom units.
The rent for one-bedroom apartments is projected to be $522 to $1,356 per month, depending on household income. Two-bedroom apartments will range from $661 and $1,626. And three-bedroom units will range from $764 to $1,879, significantly below comparable market-rate rents. Rents could be slightly higher when Terracina at Winding Creek is scheduled to open in early 2026.
Terracina at Winding Creek is part of the Creekview Master Plan that includes housing, commercial development, a school and neighborhood parks.
“Roseville is a very special place. It is a family-friendly community with a vibrant economy and many career opportunities for residents,” added Brown of USA Properties Fund. “Terracina at Winding Creek will open the door to much-needed affordable housing and many more opportunities for residents.”
USA Properties Fund had nine apartment communities, from San Diego County to the Wine Country, recently receive Reputation 800 awards, an honor that recognizes brands that effectively embrace consumer feedback online and deliver real-world results.
The annual award honors location-level businesses – such as apartment communities – for their best-in-class reputation by listening and acting on consumer feedback.
The apartment communities consistently collect, analyze and apply consumer feedback, from basic comments and compliments to complaints. One of every 10 USA Properties-owned and -managed apartment communities made the closely watched Reputation 800 list.
“USA Properties is committed to first-rate customer service and delivering a positive experience for residents and the public overall,” said April Atkinson, President of USA Multifamily Management. “We are honored to be recognized for our ongoing efforts, and are focused on continuing to improve how we connect with and respond online.”
The apartment communities that received a Reputation 800 award:
Vintage Terrace Senior Apartments in Corona
Vintage Pointe Senior Apartments in Oceanside
Villa Siena Apartments in Lake Elsinore
Avenida Crossing in Lancaster
Terracina Meadows in Sacramento
College Creek Apartments in Santa Rosa
Vintage at Snowberry Senior Apartments in Riverside
Terracina at Laguna Creek in Elk Grove
Aurora Apartments in Gold River
(Feature photo is Vintage at Snowberry in Riverside; above photos are the community room and the exterior of Aurora Apartments in Gold River.)
“In a world where consumers are making purchasing decisions based on what they see and hear in their local communities and online, delivering on brand performance is more important than ever,” said Liz Carter, Chief Marketing Officer of Reputation. “These USA Properties have demonstrated their commitment to evolving alongside its customers by prioritizing their needs and taking action based on what they are saying across online reviews, rating pages and on social media.”
The 92-apartment community is along a MAX light-rail line and will offer a community room, three-bedroom units and inside bike storage
USA Properties Fund, one of the fastest-growing and leading affordable developer-manager-owners in the West, and Northwest Housing Alternatives are partnering on Terracina Vista, a much-needed affordable apartment community in Gresham along a MAX light-rail line and close to shopping centers, schools, health providers and two freeways.
Construction on Terracina Vista – located at 16519 E. Burnside Street, about 10 miles from downtown Portland – will start in the next few weeks and should be completed in summer 2025. The 92-apartment community will include a community room, computer workstations and inside bike storage, a popular feature in the bike-friendly Portland region.
“We’re encouraged by this collaboration and the opportunity to provide much-needed affordable housing options to our community,” said Gresham Mayor Travis Stovall. “Housing for all is one of Gresham’s strategic plan priorities, and projects like this bring us closer to that vision.“
Second affordable apartment community in Oregon for USA Properties
The $43 million development is the second in Oregon for USA Properties Fund, which has more than 90 affordable and market-rate apartment communities in California and Nevada. The company and partner Northwest Housing recently completed and has started leasing The Canopy Apartments at Powell, a 169-apartment community in nearby east Portland.
The state’s far-reaching and forward-looking efforts to address the critical shortage of affordable housing, including through legislation and local bond measures passed by voters in recent years, attracted USA Properties to Oregon, said company President Geoff Brown.
“Oregon has been working hard on developing more affordable housing and ensuring lower-income residents have a quality, safe place to call home,” said Brown, who knows the Portland area well, earning a bachelor’s degree in Economics from Willamette University in Salem. “In a short time, we have already developed strong relationships in the region and enjoy working with Northwest Housing Alternatives and Oregon Housing and Community Services.”
USA Properties Fund President Geoff Brown
‘One more step forward in addressing the critical housing crisis in the Portland metro region’
A public-private partnership is critical for Terracina Vista, located in the Rockwood-West Gresham Urban Renewal Plan. The urban renewal plan is an effort to boost the economy, improve job opportunities, provide more affordable housing and revive the Rockwood neighborhood.
“Northwest Housing Alternatives is committed to increasing access to safe, stable and affordable housing,” said Trell Anderson, Executive Director of Northwest Housing Alternatives. “Our investment in Terracina Vista is one more step forward in addressing the critical housing crisis in the Portland metro region and helping some of our most vulnerable community members. Affordable housing serves as the foundation for building a better future, from improving health to the overall well-being of residents.”
Terracina Vista will include a community room, computer workstations and inside bike storage, a popular feature in the bike-friendly Portland region.
Terracina Vista will provide much-needed affordable housing for low-income residents in the Portland area, where half of households that rent are considered “cost-burdened,” spending at least 30% of their income on housing, according to the Joint Center for Housing Studies of Harvard University. More than one of every four (27%) households that rent spend at least half of their income on housing.
Oregon Housing and Community Services Director Andrea Bell
“The need for affordable housing across the state is one of the most pressing issues many Oregonians are facing day in and day out,” said Oregon Housing and Community Services Director Andrea Bell. “Incomes have not kept up or adjusted for inflation. Our collective mandate is to continue to come together and prioritize the creation of housing developments like Terracina Vista.”
Terracina Vista is for residents earning less than 60% of the area’s median income – about $67,680 per year for a family of four. Rents will be announced closer to the completion of Terracina Vista, but will be hundreds of dollars less than nearby market-rate apartment communities.
Three-bedroom units offer more space for families
Just as important as the affordable housing are the size of the units, housing officials say. Almost half of the apartments in Terracina Vista will have three bedrooms, helping meet an often-overlooked and underserved group of renters – families.
“We are committed to meeting the housing needs of all residents, whether they are a growing family or retirees living on a fixed income,” said Brown of USA Properties. “As much as we are building apartment communities, we are also developing a community where people from various backgrounds will share experiences, enjoy time together and support each other.”
Terracina Vista will feature a community room, where residents can connect and get together. Other amenities will include elevators and laundry facilities in the four-story building.
Apartments will include energy-efficient appliances and lighting, and low-flow faucets, showers and toilets.
USA Properties will continue to look at other possible projects in the Portland area, which needs an estimated 58,600 more homes to meet the current demand for housing – the 19th-largest deficit in the U.S., according to Just For Growth.
“Terracina Vista is another important step in a very long journey,” Brown said. “Every home that becomes available opens the door for another opportunity for residents.”
8 affordable apartments are available for moderate-income residents. Amenities include a clubroom, saltwater pool and spa, fitness center, and a dog park and pet wash area
USA Properties Fund and property manager Greystar have started leasing Adega II in Rohnert Park, the second phase of the luxury apartment community that will include eight units for moderate-income residents to help meet the critical need for more affordable housing in Sonoma County.
The Adega apartment community – located at 541 Carlson Avenue, a few blocks west of Highway 101 and just north of the Rohnert Park Expressway – is part of the Five Creek subdivision in the former Rohnert Park Stadium neighborhood.
Adega is close to numerous stores – including Costco, Safeway and Walmart – dozens of local and national chain restaurants, several health providers and a community park built by USA Properties Fund.
Adega held a grand opening and ribbon-cutting ceremony with the Rohnert Park Chamber of Commerce on Nov. 8.
Adega includes a clubroom with a catering kitchenLarge apartments, including three-bedroom homes
The first phase of Adega was completed in mid-2021 and was quickly leased. The same is expected with the soon-to-be-completed Adega II.
“It’s an awesome location, with amazing amenities,” said Tanner Amos, a Senior Manager for Greystar. “Adega II is a second opportunity to get into the community.”
Adega II will add 74 apartments, including eight apartment homes for moderate-income residents. Those apartments are for residents earning 120% or less of the median income for Sonoma County, or $122,950 for a two-person income household.
The more affordable apartments could be home to early-in-career professionals, such as first responders, government employees or school teachers. The affordable apartments – about one-third less than nearby units in nearby market-rate properties – could help hard-working families with children save for their first home or retirees living on a fixed income.
“Rohnert Park is the Friendly City, and that includes our commitment to being housing-friendly,” said Rohnert Park Mayor Samantha Rodriguez. “The city prioritizes housing at all levels, and these new units will help provide much-needed housing in our community. We’re especially pleased that eight of those units will be priced as affordable.”
According to a new report from Up For Growth, Sonoma County has a shortage of about 7,400 homes. And almost three of every five renters spend at least 30% of their income on rent, with another 28% spending more than half of their income on housing, according to the Joint Center for Housing Studies of Harvard University.
USA Properties is committed to building affordable apartment communities and help address the housing shortage in Sonoma County. The Roseville-based company has 10 apartment communities in Sonoma and Napa counties, including nine affordable apartment communities.
“We’ve enjoyed much success and developed strong relationships with the cities in the region,” said Geoff Brown, President of USA Properties. “Adega II allows us to offer quality housing to a range of income levels – and with a range of space needs.”
Adega is close to shopping, including a nearby CostcoA saltwater pool and spa are part of the amenitiesThe clubroom has a large seating area that overlooks the poolThe fitness center features state-of-the-art equipment
Large apartments with a long list of amenities and features
When completed, the Adega apartment community – the first and second phases combined – will have a total of 209 homes.
Adega offers one- to three-bedroom apartments, with units ranging from 780 to 1,348 square feet, about 30% larger than nearby units in the Wine Country, according to RENTCafe.
Residents, regardless of their income, will enjoy a long list of amenities and features at Adega.
Apartments include Energy Star stainless-steel appliances, Quartz countertops, roll-down shades and wood plank flooring. A limited number of garages are available for residents.
Adega also includes a clubroom with a catering kitchen and fireplace; a saltwater pool and spa; a fitness room; an outdoor lounge area with fireplaces and firepits; an outdoor kitchen with barbecues; a dog park and pet wash area; and electric vehicle charging stations.
“Adega has a lot to offer all of its residents,” Brown said. “And it helps meet a need.”
USA Properties Fund was among the nation’s top 15 affordable housing developers in 2022 – and the leader in California, according to a closely watched list.
The current ranking is the highest-ever for USA Properties – and one of the largest one-year gains on Affordable Housing Finance’s Top 50 developers list, which started in 2007.
USA Properties has 24 apartment communities and 4,350 units under some form of construction or development, easily the most since the company started in 1981.
“We are committed to building more affordable housing and meeting the need for quality homes for residents,” said Geoff Brown, President of USA Properties. “Our team has worked tirelessly to make these projects come together, and we have many more in the works.”
The Pacific Companies, based in Eagle, Idaho, was the leading affordable housing developer with almost 3,100 units under construction in 2022.
Carlsbad-based Chelsea Investment Corp. was the second-largest developer in California, finishing at No. 17 with 877 units (the company was the leader in the state in 2021). Fourteen companies based in California made the developers list.
By the numbers
USA Properties had 914 affordable apartments under construction in 2022
With 10,768 affordable apartments at the end of 2022, USA Properties is the 37th-largest affordable housing developer in the U.S.
The company has 24 apartment communities and 4,350 units under some form of construction or development
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Terracina at Lancaster in Southern California. The affordable apartment community has started leasing units.
USA Properties is the 37th-largest affordable housing owner in the U.S.
USA Properties finished as the 37th-largest affordable housing owner in the nation, with 10,768 units at the end of 2022, according to Affordable Housing Finance. The company was No. 32 in 2021.
Five companies were added to the affordable housing list, and a few others completed large acquisitions, including Avanath Capital with almost 3,150 units.
USA Properties has a handful of apartment communities that have been or are scheduled to be completed this year, including Terracina at Lancaster and Terracina at Whitney Ranch in Rocklin. The company has expanded into the Central Coast, with an apartment community in Marina, and north to Portland.
“We are always looking at new markets and new opportunities,” Brown said. “We’re extremely proud of our accomplishments and where we ranked on the list, but the greatest satisfaction is providing much-needed homes to residents.”
Feature photo of The Canopy at Powell apartments in Portland, Oregon
Some of the affordable apartment communities under construction by USA Properties
Terracina at The Dunes in MarinaThe Canopy at Powell in PortlandTerracina at Whitney Ranch in RocklinCollege Creek in Rohnert Park
264-apartment development offers one- to four-bedroom units
USA Properties Fund has started leasing Terracina at Lancaster, an affordable apartment community with a long list of amenities in the fast-growing city in northeast Los Angeles County.
The 264-apartment community, located at 1743 E Avenue J4 just east of the Antelope Valley Freeway, is close to several public schools, shopping centers, restaurants and a Walmart Supercenter.
Terracina at Lancaster offers much-needed affordable housing and the amenities and living space that residents want, with one- to four-bedroom units.
“Terracina at Lancaster is designed to fit the housing demands of a wide range of residents, from growing families needing more room to singles and seniors seeking a smaller space,” said Geoff Brown, President of USA Properties in Roseville. The company owns Avenida Crossing, another affordable apartment community less than a mile away from Terracina at Lancaster. “We’re committed to building quality communities, and Terracina at Lancaster is the latest example of our efforts to improve neighborhoods and invest in the region.”
Terracina at Lancaster
Residents must meet income requirements
Terracina at Lancaster is available for households that earn 50% to 60% of the area median income for Los Angeles County – or less than $75,660 for a family of four.
A two-bedroom apartment rents for a maximum of $1,608, while a four-bedroom home is no more than $2,050. Those rents are significantly less than nearby market-rate units in Palmdale Lancaster, according to industry tracker RENTCafe.
Terracina at Lancaster will help financially strapped households that often spend the majority of their income on housing. More than half of households that rent in Los Angeles County are considered “cost-burdened,” spending at least 30% of their income on rent, according to the Joint Center for Housing Studies of Harvard University.
JPMorgan Chase and WNC are investment partners in the $81 million project, one of the largest for USA Properties Fund. The company owns and manages about 100 apartment communities in California, Nevada and Oregon.
“WNC is happy to make a $35 million equity investment to provide new homes for 264 families,” said Greg Hand, Senior Vice President of Developer Relations for WNC.
‘A very family-friendly community’
Construction on Terracina at Lancaster started in spring 2021. The first phase of apartments in the 11-building community are available now. All construction should be completed later this year.
The buildings surround a community space with play and recreation areas. “It’s a very family-friendly community,” said Leatha Clark, a project manager for USA Properties.
Indeed, the apartment community includes a pool, picnic and barbecue areas with shade structures, a tot-lot play area, and a sports court for basketball, four-square, hopscotch and tetherball. A community room with a hospitality kitchen, a computer area, a fitness room and on-site laundry facilities are other features of Terracina at Lancaster. Walking paths with benches along the way are part of the 11-acre community.
Apartments will include energy-efficient appliances and light fixtures, ceiling fans and low-flow faucets, showers and toilets. Ground-floor apartments will have a patio, with a balcony for those on the second- and third-floor units.
The post continues after photos of the living room and the kitchen.
Some social services available for residents through partner LifeSTEPS
The apartment community will include an after-school resources room, a flexible space where children can do homework and adults can enjoy hobbies and learn new skills such as computer training, financial literacy, and health and wellness, said Hand of WNC.
Social services provide LifeSTEPS will have a counselor and resources available for residents at Terracina at Lancaster. Residents will also have access to The JB Brown Fund, a partnership between USA Properties and LifeSTEPS that provides college and youth sports scholarships and financial assistance to residents for unexpected emergencies.
“Our communities are so much more than just buildings,” said Brown of USA Properties. “We want to help residents connect with each other and achieve their dreams. We help build a more stable future for our residents and the communities where they live.”
USA Properties Fund is also committed to curbing its environmental impact. Terracina at Lancaster’s energy-efficient and environmentally friendly features include a solar panel system, recycled material insulation, mechanical ventilation for improved air quality, and water-efficient landscaping and irrigation system. “We want residents to feel good about where they live, in every way possible,” Brown said.
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