82 Units
Pacific SW Community Development Corporation

Cypress Pines

4321 Potrero Avenue, Richmond, CA 94804

Nestled in the heart of Richmond, CA Cypress Pines features one, two and three bedroom spacious floor plans. Apartment homes include designer finishes such as wood inspired flooring, quartz counter tops, raised cabinetry, stainless steel energy efficient appliances and brushed nickel fixtures throughout. Residents enjoy the state of the art business center, tranquil garden area, new playground and community room that include an array of pre-planned scheduled activities.

Property Overview
  • Existing Section 42 LIHTC and Section 8/HAP property
  • Financed with Freddie Mac’s Bridge to Re-syndication TEL program
  • New 20 Year HAP Contract at the time of re-syndication
  • Non profit partner – Pacific SW Community Development Corporation
Affordable Requirements:
  • Placed in service in 2002
  • TCCP ended on December 31, 2016
  • LIHTC LURA – 45% at 45% AMI, 50% at 50% AMI
  • HAP – 100% of the units are under Project Based Section 8 Housing Assistance Payments. Contract will be extended for 20 additional years