Project Type: Paired Townhomes, Upscale
Total Units: 42
Unit Size: 1680-2000 square feet
Site Size: 3.2 acres
Density: 13 du/ac
Developer: Cal State Fullerton Housing Authority
Location: 1451 North Brea Boulevard
Project Information: The homes will offer three and four bedroom plans with up to 2,136 square feet and will feature private outdoor patios, side yards, and exterior decks. The urban neighborhood will be served by a fully landscaped loop road that will provide privacy as well as a strong sense of community identity. The neighborhood will also encompass a multi-purpose community building, a pool and spa, picnic and covered patio areas, and outdoor barbecues, all designed to promote social interaction in a pedestrian friendly environment.
Planning Process: Through an arrangement between the Elks and the housing authority, the Elks will provide about 3 acres of land for the new homes in return for funds from the university housing authority that will be used to build a new Elks Lodge on the same site.
Homes are not subsidized by any government funding and are priced below market value on a ground-lease basis, with restrictions on re-sales to maintain the homes’ affordability. Selling prices will be about $150,000 – $200,000 below the cost of comparable new homes in the Fullerton housing market. The establishment of the ground lease ensures that affordability will be maintained in the long term, allowing Cal State Fullerton to offer an attractive housing product for faculty recruitment at a significant cost savings.
Lessons Learned: Along with providing attainably priced housing for university faculty and staff, Dickerson said University Heights is the epitome of public/private collaboration between the City of Fullerton, Cal State Fullerton, the CSU Housing Authority, the Orange County Affordable Home Ownership Alliance, the Neighborhood Housing Services of Orange County, and the Elk Lodge of Fullerton.
“University Heights establishes a financing model for affordable housing that may very well be the prototype for future housing in Orange County and the State of California,” said Bart Hess, Executive Director of the Orange County Affordable Home Ownership Alliance. ”This is a very creative workforce housing development and we are pleased to be part of the financing through our pre-development loan fund.”