141 Units
AOF Pacific Affordable Housing Corporation

Pioneer Gardens

9039 Pioneer Blvd, Santa Fe Springs, CA 90670

Property Overview
  • Existing Section 8/HAP property
  • Financed with 4% Tax Credits and Tax Exempt Bonds (Freddie) for long term affordability
  • Added clubhouse and other amenities
  • New 20 Year HAP Contract at the time of re-syndication
  • Under Construction – budgeted rehab scope of 10.6mm ($75k per unit)
Affordable Requirements:
  • Placed in service in 2019
  • TCCP ends on December 31, 2031
  • LIHTC LURA – 10% at 50% AMI, 90% at 60% AMI
  • HAP – 100% of the units are under Project Based Section 8 Housing Assistance Payments. Contract extended for 20 additional years