The Plaza at Sierra - Opportune Companies

Community
The plaza at Sierra

Address/location
Orange Way & Sierra Ave.

City
Fontana

Construction Type
New

Property Type
Three story double loaded corridor

Resident Population
Senior

Financing
Tax credit Equity - $12,138,9522

Permanent Loan (CCRC) - $2,400,000

Gap Loan (FHA) $7,353,192

The Plaza at Sierra has 90 total senior apartments, comprised of seventy two, one bedroom/one bathroom units and eighteen, two bedroom/one bathroom units on 3.81 acres. It includes over 4,500 square feet of community/recreation area including a large community room, gym, pool tables, a computer/media room, a library and an outdoor swimming pool and two spa facilities.

The facility was completed in 2010 and is located at the south east corner of Sierra Avenue and Orange Way. It was designed to create an extremely attractive "entrance statement" into the downtown Fontana business and community redevelopment area.

The homes are rented to families whose income ranges between 30% to 50% of the area median income. Resident social services are provided to all residents as well as planned activities, events, and seminars. Awards for this project include Best New Senior Development, Best Affordable Project Under 30 Du/Acre, the Sage Award and Best Age Qualified Housing - Multi-Family Community.