A planned 102-unit affordable housing apartment complex in near the Anaheim Resort will be the beneficiary of a $5 million contribution by the Disneyland Resort to the Orange County Housing Trust.
The donation was announced last week and is the down payment on an effort to revitalize the OC Housing Trust as a catalyst for affordable housing construction, guided by a partnership between the Orange County Business Council and the NeighborWorks Orange County. According to OCBC President and CEO Lucy Dunn the goal is to provide “last-mile” funding for affordable housing developers who have secured most of the funding for proposed projects but need the extra funding to begin building. It is part of an effort by the Orange County business community to generate an increased supply of affordable workforce housing.
“I feel we do have a responsibility. I think about Anaheim not just as where we do business, but this is our home,” said Disneyland Resort President Josh D’Amaro, adding he hope the donation will cause other business to follow the company’s lead.
The $81 million, 102-unit affordable housing complex is being developed by Jamboree Housing Coproation on a site at Manchester and Orangewood, in Anaheim. Most of the funding comes from the state. The city contributed the 3-acres of land, a $3.1 million loan and park fees. The apartments will be marked for households earning 30 percent, 50 percent and 60 percent of the average median income. Those categories, respectively, range from incomes of $32,800 to $87,450 for a family of four.
The Anaheim City Council approved the entitlements for the project last month; it is Anaheim’s 13th housing project dedicated to offering affordable rents. Governor Gavin Newsom recently singled Anaheim out for praise as a leader in affordable housing development.