Eden Housing to Celebrate Re-dedication of Vista Terrace Hills and Coronado Terrace Apartments

Vista Terrace Hills and Coronado Terrace are located in the San Ysidro area of San Diego and feature 574 apartment homes for very low and extremely low-income families near transit, shopping, services, and other amenities.
FOR IMMEDIATE RELEASE:
 
Contact: Daniela Ogden, Eden Housing 510-935-1022
 
SAN DIEGO, Calif. – Nonprofit developer Eden Housing will celebrate the re-dedication of Vista Terrace Hills and Coronado Terrace Apartments at 1790 Del Sur Boulevard Friday, June 14, 2019, from 1:00 p.m. to 3:00 p.m.
 
Vista Terrace Hills Apartments and Coronado Terrace Apartments are rental communities designed for families who earn between 30 percent and 60 percent of the Area Median Income (AMI). The recently renovated Vista Terrace Hills community sits on a 10.64-acre site near the Byer Boulevard bus corridor, shopping, and services. Coronado Terrace sits on 14.03-acre site near the Coronado Avenue bus corridor, shopping, and services.
 
“Both properties underwent an extensive rehab to modernize the interiors of the apartments and the communal areas. We also added green features to both properties that improve energy efficiency and water conservation,” said Linda Mandolini, CEO of Eden Housing.
 
The complexes feature two, three, and four bedroom apartments for families. Residents are also provided services on site by San Diego-based Neighborhood House. Services include referrals, after-school instruction, financial literacy coaching, homeownership counseling, and social events. The updated community spaces at both properties include a community room, fitness room, and playground.
 
“Eden Housing believes that our properties should look as good on the first day of their fiftieth year as they do on their grand opening,” said Mandolini.
 
San Diego leads the nation in the number of rent-burdened residents. More than half of residents spend 30 percent more of their income on rent and utilities. The expense of living in San Diego hits low-income and extremely low-income families the hardest. When families experience rent burden, they are more likely to skip meals, avoid the doctor, and not purchase prescription medication.
 
“Renovating Vista Terrace and Coronado Terrace Apartments preserves 574 homes for low-income families and allows them to remain in their community, close to their jobs, families, and support systems,” added Mandolini.
 
The rehabilitations were financed by the San Diego Housing Commission, California Tax Credit Allocation Committee, California Debt Limit Allocation Committee, Department of Housing and UrbanDevelopment, US Bank, NEF, Citi Bank, Barings-Mass Mutual, Century Housing, and Chase.
 
“The rehabilitation and preservation of Vista Terrace and Coronado Terrace Apartments is important to providing more affordable housing opportunities for low-income residents in the greater San Diego community,” said Cecile Chalifour, West Division Manager, Community Development Banking, Chase. “We’re excited to be working with key market and industry players like Eden Housing to support local community development.”
 
The re-dedication program features:
 
Rudy Johnson III, Board Member of Eden Housing and CEO of Neighborhood House
Linda Mandolini, CEO, and President of Eden Housing
Stefanie Benvenuto, Board Chair of San Diego Housing Commission
Lucero Chavez, Field representative of Assemblymember Lorena Gonzalez, California’s 80th District
The Honorable Todd Gloria, Assemblymember, California’s 78th Assembly District
Angel Marquez, Field representative for Congressman Juan Vargas, California’s 51st Congressional District
Laura Estrada, District representative of State Senator Ben Hueso, California’s 40th Senate District
Devlin Harbour, Community representative of San Diego Mayor Kevin Faulconer
Gerardo Ramirez, Community representative of San Diego Councilmember Vivian Moreno
James Vossoughi, Community Development Banking, Chase
Manuel Rodriquez, San Diego Market President, US Bank
Regina Martinez, Resident of Vista Terrace Hills
 
About Eden Housing
The mission of Eden Housing is building and maintaining high-quality, well-managed, service-enhanced affordable housing communities that meet the needs of lower-income families, seniors, andpersons with disabilities. In its 50 years of service in California, non-profit Eden Housing has provided a home for more than 100,000 people. Eden Housing is the long-term owner-operator ofits developments and is committed to preserving and maintaining its buildings as community assets and supporting residents with a range of services.

eden housing does not discriminate based on race, color, religion, sex, disability, familial status, national origin, or any other arbitrary basis.