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Affordable Housing Development in Palmdale Receives Financing
As stated in an article in the Antelope Valley Times, July 12, 2021, more than $55 million in financing was recently secured for the development of Maison’s Palmdale, an affordable housing property currently under construction near 65th Street East and East Avenue S. The property is the first in the state to be developed under recently passed legislation which allows for greater lot size density. Maison’s Palmdale will be comprised of 118 detached housing units featuring three-bedroom and two-bedroom units. The three-bedroom units include a two-car garage, while the two-bedroom units have access to designated off-street parking spaces. Thirty-six of the units will be restricted to residents earning no greater than 50% of the area median income (AMI), and 81 units will be restricted to residents earning no greater than 60% AMI. One unit is reserved as the manager’s unit. Additionally, all 118 units on the property are under a Land Use Restrictive Agreement (LURA) with no release provisions.