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.