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Rancho Carrillo

The Rancho Carrillo Apartments project is a 116 unit new construction affordable housing community.

This project was constructed to satisfy Continental Homes (later DR Horton) inclusionary requirements of the City of Carlsbad for the 1116 market rate single family home community of Rancho Carrillo.

Project challenges included: meeting/exceeding timelines to obtain layered tax exempt bond financing; begin construction and complete construction linked to phases the market rate building permits were released by City

Unit amenities include fully equipped kitchen with range/oven, refrigerator, garbage disposal, and microwave. Low and No VOC paints, glues and adhesives were utilized throughout the project to better protect the environment and residents.

A large community room and swimming pool were constructed for the enjoyment of the residents.
Location - Carlsbad, CA
Total Project Costs - $12 million
Number of Units - 116
Start Date - August 1998
Completion Date - June 2000
On Schedule? - Yes
Architect - R+SDA
Engineer - Rick Engineering
Other Financing - City of Carlsbad
Tax Credit Investor - Boston Capital

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