Anaheim, CA – June 22, 2023 – Jamboree Housing Corporation (Jamboree) and the City of Anaheim, along with stakeholders including U.S. Bancorp Impact Finance, the Orange County Housing Trust and Disneyland Resort, are proud to announce the grand opening of Finamore Place (915 E. Orangewood Avenue) in Anaheim. A decade in the making, Finamore Place is now officially open, bringing critically needed affordable housing to the City of Anaheim with a brand-new Community Center. “Finamore Place Community Collaborative”, serves as a premier model of Jamboree's innovative approach to community impact. Open and accessible for all, this Center features mental, healthcare and educational services that previously were lacking, or unavailable, within the area. Thanks to these entities working together, families and individuals in Anaheim will now have access to St. Jude Neighborhood Health Center, which provides free medical services to Medi-Cal patients, with pediatrics, women's health/prenatal care, and optometry services; Orange County Head Start's early education center, which serves 40 children to meet the educational, emotional, social, health, and nutritional needs of low-income children and families; and the Child Guidance Center, offering family behavioral health services, including Parent Child Interaction Therapy, ADHD treatment, children’s behavior management therapy and Military Veterans Family Treatment and Support.
Finamore Place is named as a lasting tribute to Marcy Finamore, whose passion for Jamboree’s mission to provide high-quality housing and community services helped propel them to their leadership position today. Finamore Place is a beacon of hope and support for residents, unlocking potential for the entire neighborhood. It represents many firsts in housing, healthcare, education, and partnerships. The company currently owns and operates over 100 communities across California with Finamore Place being its eighth development in partnership with the City of Anaheim. Finamore Place now brings a vibrant community to the once vacant 2.86-acre site. Since 2008, the City of Anaheim and Jamboree have created more than 800 units of high-quality, affordable housing.
Finamore Place spans a nearly three-acre footprint, including a four-story, 102-unit residential apartment building, a two-story 17,000-square-foot community center and a spacious courtyard spanning nearly 15,000 square feet of active open space. The community includes one-, two- and three-bedroom apartments. The residential community was developed for families who earn between 30% and 60% of the area median income (AMI) in the community of Anaheim, which offers excellent job and educational opportunities. Funding by the Mental Health Services Act (MHSA) administered by the County of Orange dedicated 20 of the 102 units for residents with special needs. Rents will be $762 to $2,114 per month based on household size and income level.*
“We celebrate Finamore Place with the entire community of Anaheim,” Laura Archuleta, president and CEO of Jamboree, said. “The community needed affordable housing. Together, with the City of Anaheim, and the invested leadership of Disneyland Resort and Orange County Housing Trust, we built it. Kids needed early education. We partnered with the Orange County Head Start to build an education center. Families needed emotional, physical, and mental healthcare. We partnered with the Child Guidance Center and St. Jude Neighborhood Health Center and now we have a medical services center, and a Child Guidance Center. When the need is there, we rise up together to create a solution. Finamore Place is a model of success and we’re honored to welcome residents and community members to live, and thrive, here.”
Finamore Place was made possible with funding from U.S. Bancorp Impact Finance, which provided $24.3 million in tax credit equity; $32.3 million in construction financing; and $16.7 million in permanent financing. The City of Anaheim, for its part, provided $4 million in HOME, transportation waiver, rebates and energy credits and a 55-year ground lease worth $10.2 million, and 20 Section 8 Project-Based Vouchers (PBV). And finally, the Orange County Housing Trust (OCHT) provided a $1.5 million grant through funding from Disneyland Resort. (The “last-mile” funding resulted from a generous $5 million contribution to OCHT from the Disneyland Resort in Anaheim, providing leadership-level commitment in support of gap financing for the acquisition, development and construction of permanent supportive and affordable housing projects in Orange County.)
"Disneyland Resort is committed to helping those facing homelessness by providing funding to help get projects like Finamore Place across the finish line,” said Ken Potrock, President of Disneyland Resort. “Anaheim is our home and it’s incredible to see what we can do when we come together and partner with our community to make a meaningful difference.”
Residents will enjoy on-site amenities including a community center with activity rooms, computer lab, and kitchen; outdoor picnic and sports areas, reflection walk, rooftop deck, swimming pool, barbecues, play area with a tot lot, and community garden; recreational clubhouse and public art; and onsite property management through The John Stewart Company, which will provide resident and supportive services, family behavioral services, and an early education center.
“With the opening of Finamore Place, Anaheim has raised the bar on affordable housing communities” Anaheim Mayor Ashleigh Aitken said. “With a commitment of $14 million from the Anaheim Housing Authority, the city worked with Jamboree to create more than just a home for individuals and families. It’s now a place of belonging, comfort, support and so much more. For the kids living here, they now know what a home should look and feel like, and more importantly, the kind of home they deserve. Projects like this become a success through collaboration and we thank our community partners for joining our vision.”
Since 2008, Jamboree and the City of Anaheim have partnered on eight communities, creating more than 800 units of high-quality, affordable housing. Through a 55-year ground lease agreement with the Anaheim Housing Authority, Jamboree transformed this formerly vacant site, being the eighth Anaheim development, into a vibrant community asset for the entire Ponderosa Park neighborhood. Finamore Place is centrally located with access to local parks, library, elementary schools, grocery stores and Orange County Transit Authority (OCTA) bus service lines.
“We are pleased to serve as a lender and investor in Finamore Place,” said Sebastian Glowacki, U.S. Bancorp Impact Finance Development Manager. “Every family should have a safe place to call home and we believe this holistic community will make a positive impact in Anaheim.”
The architectural design of Finamore Place is influenced by the contemporary, modern style found throughout the City of Anaheim. In Jamboree’s ongoing commitment to sustainability, the site is designed to achieve a LEED (Leadership in Energy & Environmental Design) for Homes Silver certification. Ample parking in a centralized three-story parking structure provides direct access to apartments for the residents, with dedicated parking spaces and charging stations for residents with electric vehicles. Additionally, Jamboree’s development of Finamore Place reclaims a previously unused strip of adjacent land, transforming it into landscaped walkways and a water-wise community garden for fresh herbs, vegetables, and flowers. The architectural firm was Architecture Design Collaborative; civil engineering by Fuscoe Engineering; General Contractor, Quality Development and Construction, Inc.; and landscape architecture by Site Design Studio.
ABOUT JAMBOREE: Founded in 1990, Irvine, CA-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates and manages permanently affordable rental and ownership housing throughout California for working families, seniors and people with special needs. A leading community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities. For more information, visit jamboreehousing.com.
ABOUT ANAHEIM: Anaheim is a full-service city supporting more than 328,000 residents, 20,000 businesses and 25 million annual visitors. The city provides public safety through the Anaheim Police Department and Anaheim Fire & Rescue, water and power service through Anaheim Public Utilities, parks, community centers, family services and libraries through Anaheim Community Services, neighborhood and transportation improvements through Anaheim Public Works, community revitalization through Economic Development and affordable housing opportunities through Anaheim Housing and Community Development. Each year, the city helps support 6,300 households with $111 million in rent assistance and is home to 39 dedicated affordable communities. Anaheim is a modern, diverse city with a proud history dating back to its 1857 founding. Anaheim is known worldwide as the home of the Disneyland Resort, including Walt Disney’s original Disneyland Park, as well as Angel Stadium of Anaheim and Angels Baseball, Honda Center and the Anaheim Ducks, and the Anaheim Convention Center, the largest on the West Coast. Anaheim’s thriving visitor industry and business community help support the city’s neighborhoods and make Anaheim a great place to live, work and play. For more, please see www.anaheim.net.
[*Rents are subject to change based on annually published HUD rents for Orange County]
###
Jamboree’s largest and most service-rich property to date, this new affordable housing community features a 102-unit residential building with outdoor open space and public art; plus a Center with access for all in the City of Anaheim including St. Jude Neighborhood Health Center, Orange County Head Start child education center and the Child Guidance Center offering family behavioral health services.
Bringing a shared commitment to the betterment of Anaheim, this comprehensive, new neighborhood asset demonstrates how City, business and non-profit leaders can come together to “build for good” and help area residents and families thrive.