IRVINE, CA (February 25, 2015): Preference for veterans is part of this month’s City Council approval of an 80-unit permanently affordable rental housing project at 17275 Derian in the Irvine Business Complex.
City Council approval of the project meets the City’s affordable housing inclusionary requirement while including a preference for veterans.
The agreement with developer Lennar Central Park LLC, satisfies both the City Council’s goal of providing 10 percent of the City’s housing stock as affordable by build-out as well as addressing the principles that the newly formed Veterans Affordable Housing Committee is reviewing. The Committee meets once a month to develop recommendations to the City Council for affordable housing options for veterans.
The Derian affordable housing project could be underway by December 2017. C&C Development is the managing partner.
For information about the Veterans Affordable Housing Committee and its meeting times, go to the City’s homepage: cityofirvine.org
Since its incorporation in 1971, Irvine has become a nationally recognized city, with a population of 250,384, spans 66 square miles and is recognized as one of America’s safest and most successful master-planned urban communities. Top-rated educational institutions, an enterprising business atmosphere, sound environmental stewardship, and respect for diversity all contribute to Irvine’s enviable quality of life. This family-friendly city features more than 16,000 acres of parks, sports fields and dedicated open space and is the home of the Orange County Great Park – the first great metropolitan park of the 21st century. For more information, please visit cityofirvine.org.