Castlewood Terrace I

Granada Hills, CA

This senior affordable housing community consists of 68-units operating under a project-based Section 8 HAP contract. This property was built in 2000 and acquired in 2026 with the allocation of approximately $22.7M in Low-Income Housing Tax Credits (LIHTC).

During the rehabilitation, the scope of work will consist of a full renovation of all 68 units, including upgrading the kitchens and bathrooms. All units will include new Energy Star stainless steel appliances, new vinyl plank flooring, new low threshold showers, new cabinets, and quartz countertops. The scope will also include an updated community room, roof and window replacement or repairs, refurbishing of the building envelope, parking lot resurfacing, office, and common area updates, and LED-enhanced lighting and new paint throughout the building.