After exactly a year after ground breaking, Jamboree Housing Corp. celebrated the grand opening of The Arbor at Woodbury in Irvine. The property was completed ahead of schedule and under budget despite the economic downturn in real estate, and is now home to 90 families.
The Arbor at Woodbury offers high-quality workforce housing to families who earn between 30% and 60% of the area median income. For example, a family of four earning $46,500 (50% of area median income) will pay about $1,140/month in rent for their three-bedroom home.
Its central location allows access to local parks, nature trails, and shopping and other amenities within walking distance. Jamboree is also providing complimentary shuttle service to residents during commuter hours from the property to the Irvine Transportation Center.
KTGY Group was the architect on the $24.6-million project, while Wermers Multi-Family Corp. of San Diego served as general contractor.