SHE Breaks Ground on new Affordable Rental Community in Mariposa Near Future Creek Trail

SHE Breaks Ground on new Affordable Rental Community in Mariposa Near Future Creek Trail

Posted on May 28, 2021

SELF-HELP ENTERPRISES BREAKS GROUND ON NEW AFFORDABLE RENTAL COMMUNITY IN MARIPOSA NEAR FUTURE CREEK TRAIL

Creekside Terrace will be a 42-unit affordable high-quality and energy-efficient rental community

 

Mariposa, CA—On Tuesday, May 25th, SHE along with its project partners, gathered to celebrate the groundbreaking of it’s newest development, Creekside Terrace, – a 42-unit affordable rental community located at 5118 Fournier Rd. in Mariposa, CA. This is SHE’s first new construction rental project in Mariposa County.

 

Creekside Terrace will include 18 one-bedroom, 13 two-bedroom and 11 three-bedroom apartments with monthly net rents ranging between $109 to $1,020 a month. Rents are determined by unit size and resident income. These below-market monthly rents ensure that Self-Help Enterprises is providing a permanent affordable housing opportunity to local Mariposa residents.

 

Nestled in the foothills of the Sierra Nevada, Creekside Terrace will add to the already beautiful scenery with amenities such as a spacious outdoor area, picnic tables, BBQ grills and an on-site laundry room. A centrally located community building will house a computer lab and meeting space ideal for resident services such as exercise classes, various social activities, wellness programs and afterschool programs for children. Creekside Terrace’s energy-efficient features include a Solar PV energy system to provide renewable electricity for common areas and residential loads.

 

“Mariposa is a constricted housing market where working families and low-income residents are finding it increasingly difficult to find affordable housing,” said Tom Collishaw, CEO of Self-Help Enterprises. “This problem affects all parts of the local economy, but most importantly the people who are left behind. Creekside Terrace begins to address this urgent need.”

 

The project comes with some much needed infrastructure upgrades, including full street improvements for Antone Road, upgrading the water line in Fournier Road to aid future development, and adding sidewalks to correspond with the Mariposa Creek Parkway Project.

 

“Self Help Enterprises are incredible partners,” said Mariposa County District 1 Supervisor, Rosemarie Smallcombe. “Mariposa County staff and our partner agencies look forward to continuing and expanding this very successful relationship for the benefit of Mariposa residents and businesses.”

 

A total of 11 units are reserved for people experiencing homelessness through the No Place Like Home Program.  Partnerships with the Mariposa Health and Human Services Agency will assist in the referral process.  As of 2019, there were 845 people experiencing homelessness in Tuolumne, Amador, Calaveras, and Mariposa Counties, which share a Continuum of Care (CoC) for homelessness.  All of the referrals for the Creekside Terrace units will be made through the CoC’s Coordinated Entry System and the project will provide an immediate housing-first solution.

 

“Creekside Terrace is a prime example of thoughtful community development that will provide permanent shelter for the unsheltered, wrap around support for a mix of residents, and much needed workforce housing, all in a beautiful location with access to recreation and community services,” said   Mariposa County Housing Development Specialist, Ben Goger. “A truly healthy place to live.”

 

The project is being funded by US Bank as the Construction Lender; Bellwether Enterprise Real Estate Capital, LLC as the Permanent Lender through a USDA 538 guaranteed loan; Mariposa County for Permanent Local Housing Allocation and Infill Infrastructure Grant funds; Mariposa County Health and Human Services Agency for Whole Person Care funds; Housing & Community Development (HCD) for No Place Like Home funds ,Permanent Local Housing Allocation and Infill Infrastructure Grant funds; and Enterprise Community Partners as the Tax Credit Investor.

 

“Enterprise could not be more excited to participate with Self-Help Enterprises on this investment,” said Philip Porter, Vice President of Enterprise Community Partners. “It aligns with Enterprise’s mission which is to make home and community places of pride, power and belonging, and platforms for resilience and upward mobility for all.”

 

The project is expected to be completed the summer of 2022.