Ravello Holdings, one of California’s leading developers and builders of quality single and multi-unit homes, and WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, have closed a deal to begin construction on Maison’s Sierra, an affordable housing community comprised of 196 single-family affordable rental homes.
The development is unique in that each unit represents a single-family home rather than a multifamily development. Maison’s Sierra will offer 39 one-bedroom, 77 two-bedroom, and 78 three-bedroom single-family homes restricted to households earning 30, 50, 60, and 70 percent of area median income (AMI). In addition, there will be one designated manager’s unit.
“This area of Lancaster is experiencing high growth in employment opportunities for middle class families who will benefit tremendously from the availability of affordable housing,” said Jessica Captanis, Vice President of Originations – West at WNC.
Located at 45635 Sierra Highway, Maison’s Sierra is situated close to downtown Lancaster, including several shops, schools and amenities, including a public library and the Museum of Art and History (MOAH).
“Ravello Holdings believes that workforce housing should have a variety of options for families, and that the single-family home rental model better serves households in the Antelope Valley,” said Phil Ram, President at Ravello Holdings.
