Sunrise Villas is a proposed multifamily residential low-income housing community. The development will consist of 69 total units including 16 one-bedroom units, 30 two-bedroom units, and 23 three-bedroom units including 1 three-bedroom manager's unit. The target population primarily consists of residents from Paso Robles, the County of San Luis Obispo and the surrounding areas that are both age and income qualified. 100% of the units will be rent restricted to individuals with incomes ranging from 30%-60% of the Area Median Income (AMI).
The proposed development is located on an approximately 3.01-acre vacant parcel to the northeast of Fontana Road and Linne Road in the City of Paso Robles’ Vinedo Specific Plan. The Subject underwent a zoning change and was changed from R-4 Residential/Planned Development to R-5, Residential. The new zoning is intended to permit the development of residential uses including attached and detached single-family residential, multifamily apartments, and condominiums. Sunrise Villas will provide affordable housing that represents excellent quality apartments that are in high demand in the area. The site is located within a mixed-use neighborhood in the city of Paso Robles. All major shopping and recreational amenities are within a short distance of the property. The neighborhood is well suited for this type of housing and this proposed development will positively impact the neighborhood by providing excellent quality affordable housing in the area.
Sunrise Villas received all entitlement approvals from the City of Paso Robles in January 2022. Anticipated sources of financing include low-income housing tax credits, in addition to already committed County of San Luis Obispo HOME Funds, San Luis Obispo County Local Housing Trust Funds, a deferred impact fee loan from the City of Paso Robles and a loan from the Paso Robles Housing Authority. Currently the development is applying for additional financing and anticipates a start of construction in late 2023.
Paso Robles , CA
Estimated Start of Construction 2023