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funded by the City of Temecula and the builder. Las Haciendas will provide 15 one-bedroom, 39 two- bedroom and 23 three-bedroom units for working families.
The apartment community will be the first to be built in Uptown Temecula/Jefferson Avenue corridor located in the north part of Old Town Temecula. Residents who earn between 30%-60% of the area median income and who have Section 8 vouchers will be eligible to live at the property. Some of the complex’s amenities include indoor and outdoor
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common areas, a laundry room, community kitchen, and a learning center with computers. The community will also provide programs on financial literacy and afterschool tutoring services. It was not
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12 | Southern California Rental Housing Association Rental Advisor April 2022 50 JULY 2022 - APARTMENT MANAGEMENT MAGAZINE AMM7
risks, potential adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal.