St. Stephens


St. Stephens Senior Housing was created when St. Stephens Lutheran Church agreed to ground lease a portion of their property for affordable senior housing. St. Stephens affordable homes are a result of an innovative collaboration between the faith-based community, local advocates, public agencies, and private partners to address the high costs of living for seniors with fixed income.

Iman Novin was the Project Manager for St. Stephens Apartments, and was responsible for guiding the project design team and security entitlements. He worked closely with the Church and Santa Cruz County staff members. Iman was also responsible for managing construction from start to finish, as well as maintaining a good relationship with Church leadership.



Project Details

  • Apartments for 40 low- and very-low income seniors, including senior veterans and frail elderly
  • Near many amenities and community services, including a public park, supermarket, pharmacy, the Palo Alto Medical Foundation, and Dominican Hospital
  • Close to public transportation
  • On-site amenities include a community garden, large community room with full kitchen, computer lab, exercise room, outdoor BBQ area, and bocce ball court
  • Five units reserved for senior veterans
  • Five units reserved for frail elderly
  • Extensive supportive services are provided in collaboration with the VA Palo Alto Healthcare System HUD-VASH Program and Health Projects Center

Development Team

Architect

  • Herman Coliver Locus (HCL)

General Contractor

  • L&D Construction

Financial Partners

  • Santa Cruz County
  • Santa Cruz County Housing Authority
  • Veteran’s Affairs Department
  • Wells Fargo
  • California Tax Credit Allocation Committee

Sage Park


Sage Park Apartments offer affordable housing to teachers and families with incomes ranging from 30-60% of the Area Median Income. Sage Park was created from a partnership between the Los Angeles Unified School District and the Los Angeles Housing and Community Investment Department.

As a Project Manager for BRIDGE Housing, Iman Novin was responsible for securing entitlements, working with the architect and design team, negotiating the ground lease terms, working through state board of equalization issues, and securing tax credit financing for Sage Park.



Project Details

  • 3.5-acre site
  • 90 units
  • One-, two- and three-bedroom apartments
  • Located on the north side of the Gardena High School campus
  • Amenities include a fitness room, community room, laundry facilities, a community garden, and landscaped courtyards
  • Additional community amenities include Joint Use Facility for the School District and an obstacle training course used by the LAPD for its Juvenile Impact Training program

Development Team

Public Partner and Land Owner

  • Los Angeles Unified School District

Architect

  • Steinberg Architects

General Contractor

  • Portrait Construction

Financial Partners

  • Los Angeles Unified School District
  • Los Angeles Housing Department
  • California Tax Credit Allocation Committee
  • Bank of America
  • California Community Reinvestment Corporation
  • New Generation Fund

Madera Vista


Madera Vista is a three-phase, intergenerational, mixed-income project located in the Southern California city of Temecula.

Iman Novin served as a project manager for Madera Vista, and was responsible for leading the debt and equity closings with Wells Fargo, as well as managing construction of Phase II from start to finish. Iman successfully worked through a complicated phasing and tax-credit financing structure with the tax credit equity investor, as well as many fair housing legal issues to achieve the City’s goals for a unique mixed-income project that serves both seniors and families in a single cohesive development.



Project Details

  • 110 units
  • 20 affordable units for households earning up to 80% of the area median income
  • Phase 2 & 3 offer 70 family units for households earning 30-60% of the area median income
  • 20 affordable units for low-income seniors
  • Close to public transit
  • Amenities include two grocery stores, a hardware store, banks, and other retail shops
  • Several large nearby parks

Development Team

Architects

  • Phase I: Irwin Pancake
  • Phase II & III: KTGY Group, Inc.

General Contractor

  • Wermers Multifamily & Portrait

Financial Partners

  • City of Temecula
  • County of Riverside
  • Wells Fargo
  • California Community Reinvestment Corporation

Ivy at College Park


Ivy at College Park offers affordable family apartments and satisfies Lennar and Standard Pacific’s very-low and low income inclusionary housing requirements for their large 2,200-home master-plan community development in Chino, CA.

Iman Novin was responsible for working closely with the master-developer team and the City of Chino to make sure the affordable project satisfied the inclusionary requirements and that it moved forward in a timely manner. Iman helped secure tax credits, local redevelopment funding and state funding for this $33.4M affordable housing development.



Project Details

  • 135 apartments
  • One-, two-, and three-bedroom apartments for low income families
  • 10 residential buildings
  • 6.7 acre site
  • Adjacent to the Chaffey College Campus
  • Amenities include swimming pool, community room & computer lab
  • GreenPoint Rated property includes a solar thermal hot water system

Development Team

Architect

  • KTGY

General Contractor

  • Portrait

Financial Partners

  • Wells Fargo Bank
  • City of Chino
  • California Tax Credit Allocation Committee/California Debt Limit Allocation Committee
  • California Department of Housing and Community Development

MacArthur Station


MacArthur Station is a mixed-income, transit-oriented development located on a 7.76 acre vacant parking lot at the MacArthur BART station.

Iman Novin helped secure entitlements and over $34M in Prop 1C funding (IIG, TOD & CalReuse) and LEED ND Gold Certification. MacArthur station received a LEED Gold Level rating under the first phase of the program.



Project Details

  • 5 buildings
  • 675 units (563 at market rate, 112 below market rate)
  • 478 parking spots for BART patrons & guests
  • 42,500 square feet of commercial and retail space
  • 5,000 square feet of community use

Development Team

Architect

  • MVE & Van Meter Williams Pollack

General Contractor

  • James E. Roberts-Obayashi Corporation

Financial Partners

  • City of Oakland
  • Oakland Housing Authority
  • California Department of Housing and Community Development
  • Union Bank
  • N.A.
  • U.S. Bank, California Tax Credit Allocation Committee
  • California Debt Limit Allocation Committee
  • California Municipal Finance Authority

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