Anaheim officials on Thursday, June 22, unveiled new apartments near the resort district, marking the city’s 42nd project with 100% affordable housing.
The 102-unit complex is next to the 5 freeway on Orangewood Avenue. A variety of entities funded the apartment complex that cost $61 million to build, including the city, the county, U.S. Bank, the Disneyland Resort and the nonprofit affordable housing developer Jamboree Housing.
The complex on the near three-acre site includes a community center that will house a St. Jude Neighborhood Health Center, a child guidance center and an education center for Orange County’s Head Start program so residents in the apartments and in the surrounding area can access services.
“The residents here are not only going to have a new place to call home, but an opportunity to thrive,” Mayor Ashleigh Aitken said. “Parents are not going to have to go far for things like a common cold.”
All the apartments at Finamore Place qualify as affordable housing. Rents will range from about $762 to just over $2,100 a month. There are 20 apartments dedicated for people who were formerly unhoused.
The Finamore Place apartments target families that fall under the extremely low to low income categories, officials said.
California released new numbers this month on income levels for affordable housing. A family of four earning less than $114,800 qualifies for low income housing in Orange County. The income limit drops to $43,050 for a family of four to qualify as extremely low income.
The complex is named after Marcy Finamore, a former executive with Jamboree Housing. Anaheim and Jamboree have built more than 700 units of affordable housing together since 2008, according to a news release.
