Shannon Bay Apartments

Improvements that were completed in 2011 to the existing in-unit amenities comprise renovated kitchens, involving replacement of refrigerators as needed, provision of new microwaves, and plumbing fixtures. Other in-unit improvements included replacement of the water heaters as needed, toilets and the majority of shower enclosures. New vinyl dual pane windows and coverings were provided in each unit and flooring was replaced as needed.

In unit amenities include, fully remodeled kitchens, new cabinets, Corian-style countertops, refrigerators, ranges, microwaves, dual paned windows, air conditioning, new flooring, and dishwashers in some units.

This gated community offers a laundry room, accessibility to patios and barbeque areas. Improvements to the existing community include new roofing, new exterior and interior paint, new windows and ADA accessible parking. Shannon Bay's residences can enjoy a number of recreational activities including visiting a variety of parks, golf courses as wells as local museums.

Property Detail

Property Type:
Rehabilitation of Affordable Family Housing
Cost for Aquisition and Rehabilitation:
$7,900,000
Hard Cost Rehabilitation Per Unit:
$43,400
Locations:
Sacramento, California
Funding Programs:
Section 42 Tax Credits, USDA RD 515 and 538 Programs
Lending Partners: City of Rocklin, Bonneville Multifamily Capital, USDA/RD, JP MOrgan Chase
Type of Units:
One and Two Bedroom Townhomes and Apartments
No. Units:
50