Two affordable housing projects in Oxnard are moving forward after securing $2 million in predevelopment financing, a step that will help bring 291 income-restricted apartments to the city. The funding supports Lockwood Phase III and Cypress Place Phase II, both structured to remain affordable for at least 55 years.
A building dedicated to low income housing has been proposed for 536 Meta Street, in Oxnard. Many Mansions is the developer behind the project. The location is adjacent to their other project, Central Terrace, and will have a similar design.
A new development has been approved for 226 High Street, by the Moorpark City Council. The project will revitalize the 2.15 acres downtown, on a long thin lot at the mouth of the Amtrak and Metrolink commuter train, with new housing and commercial space. Daly Group is the development company behind the project.
The massive development, entitled “Teal Club,” remains on the boards for the City of Oxnard. The proposal is by Borchard Property Co-Owners. Plans call for 990 new dwelling units and 60,000 square feet of commercial space.
Ormond Beach Villas has opened at 5527-5567 Saviers Road, in Oxnard. Many Mansions developed the project to aid Veterans and homeless Veterans, particularly non-elderly persons with disabilities transitioning out of institutional settings and at risk of becoming homeless. The project received funding through the Housing Authority of the City of San Buenaventura and Area Housing Authority of the County of Ventura.