Location: 333 N. McDowell Blvd., Petaluma
Owner: USA Properties Fund, Inc.
Developer and project manager: USA Multifamily Developers, Inc.
Real estate representation: Campus Property Group
Property management: USA Multifamily Management, Inc.
Design: architecture -- Kuchman Architects PC; interior -- CDG Corporate Design Group; landscape -- Deering Design
Engineering: civil -- Civil Design Group and Cinquini & Passarino; electrical -- Uplight Electrical Engineer; mechanical -- Alexander Sheflo & Associates; soils -- Krazan & Associates; structural -- Harris & Sloane Structural EngineeringContractors and suppliers: general -- USA Construction Management; concrete -- CVC Commercial; electrical -- Bowman Electric; framing -- Madera Framing; HVAC -- Beutier Mechanical, McClellan; landscaping -- North Bay Landscape Management; mechanical and plumbing -- RDR Plumbing & Mechanical; roofing -- Petersen Dean, Inc.; carports -- Rubicon; painting -- Empire Painting; cabinets -- Master Brand Cabinets; flooring -- Dave’s Design Center; countertops -- Custom Design Countertops; model unit furniture -- Brooks Furniture Rental
Energy consultant: ConSol
Photography: Keith Sutter Photography
Cost: $16 million
PETALUMA -- Vintage Chateau II, featuring 68 affordable housing units in a community designed for seniors 55 and older on low or fixed incomes, was opened for occupancy in September.
The apartment complex is located at 325 N. McDowell Blvd., adjacent to the existing 240-unit Vintage Chateau I property built on a 8.05-acre parcel at 333 McDowell Blvd., which opened in 2000.
This site is ideally situated on a bus route, near shopping and parks as well as close to municipal and senior services, such as the Petaluma Peoples Services Center.
Both properties were built, owned and managed by Roseville-based USA Properties Fund, Inc. (usapropfund.com), a privately-owned firm that has developed, acquired or rehabilitated more than 11,000 units in 72 California and Nevada communities since its founding in 1981 by J. B. Brown.
“What distinguishes us from other developers is that we are committed to each property for the long term,” said Art May, senior vice president of USA Properties Fund. “We don’t just build and flip these communities in a few years.”
The company value-engineers each project for the future with an eye toward sustainability and cost effectiveness.
Evidence of this can be seen in the choice of building materials that can stand the test of time -- concrete roofing tiles, Hardy plank siding, drought tolerant, native plant landscaping, energy-efficient appliances, etc.
The $16 million Vintage Chateau II was funded using the 4 percent federal tax credits and tax-exempt bond financing through bond issuer Association of Bay Area Governments Finance Authority.
When these tax credits were awarded, USA Properties approached Boston Capital, Citi Community Capital and the city of Petaluma, creating a private-public partnership that purchased these credits for 10 years.
Construction for Vintage Chateau II began on August 4, 2011, and received certificates of occupancy received in August 2012. USA Multi-Family Management, Inc., manages day-to-day operations of the property.
The project includes 54 one-bedroom, one-bath units with 593 square feet of living space. There are also 13 two-bedroom, two-bath units with 750 square feet of floor space plus one apartment for a property manager. Tenants need to meet certain income qualifications.
Apartment amenities include pantry cabinets, a dishwasher, garbage disposal, refrigerator/freezer, range oven with hood, energy-efficient and individually controlled heating and air conditioning, as well as wall-to-wall carpeting.
Vintage Chateau II also offers a furnished 2,458 square foot clubhouse with a great room, kitchen, covered patio, 24-hour onsite management and a fitness center.