Castillo del Sol Apartments

Overview

CDS was an $11.6 million construction project that created a 3 story, 40 new efficiency apartment units and support services for extremely low-income individuals with special needs. This project was sustainably built and received a Green Point Rated Certification. Through its high performing Housing Choice Voucher program, the public-private partnership between McCarthy and the Housing Authority of the City of San Buenaventura (HACSB) provided long-term project-based voucher rental assistance subsidy to finance the construction and ensure long-term affordability to those earning less than thirty percent of the area median income. The partnership also received a competitive award of 9% Low Income Housing Tax Credits from the California Tax Credit Allocation Committee that was used to fund the construction. McCarthy partnered with HACSB, Montecito Bank & Trust, National Equity Fund, and Main Street Architects to create a new, energy efficient, accessible, and affordable housing development to add to the city’s dwindling stock of deeply affordable housing. We acquired the land, retained and oversaw all design and construction consultants and provided general construction services to construct the project. Our services included entitlement, pre-construction (means and methods suggestions, constructability, value engineering, and finish schedule suggestions).

Architect: Mainstreet Architects + Planners