Natomas Meadows & The Willow Glen Apartments
The housing market got so bad Pardee Homes mothballed its 660-home Natomas project in early November.
But just down the block, beyond the builder’s vacant model homes, construction is already under way on its Willow Glen Apartment complex.
Pardee is going forward with plans to finish the 135-unit apartment complex at its Natomas site to meet affordable housing requirements.
The financing of Willow Glen Apartments was complete Sept. 27 and building permits issued on Dec. 11 by the City of Sacramento. While the builder has a two-year deadline to complete the low-income housing project, inclusionary housing rules require the apartments be done before all the market rate homes are complete.
Although market conditions led to the single-family home project’s temporary (?) demise, officials from apartment management company, Chelsea, do not expect the slowdown to have a negative impact on Willow Glen. In fact, Chelsea representatives plan to visit the area this spring to begin a marketing campaign.
Chelsea representatives were scheduled to meet with Natomas-area community members on Feb. 6 — just prior to a Feb. 9 groundbreaking ceremony. It’s anyone’s guess why the community meeting was canceled, but some area residents suspect flood publicity put a damper on the groundbreaking festivities.
Perhaps, fear of retribution for building low-income apartments in a flood zone, but not market rate homes? The apartments are scheduled to be complete in December 2008.
Click here for a map of all Sacramento Housing and Redevelopment Agency-subsidized apartments in North Natomas. On it you’ll find not only the names and locations, but also the number of units that are set aside for “low” and “very low” income residents. The map was compiled using information found on the SHRA website.
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