Hillcrest Villas

Hillcrest-Grassy-Area-Day

Hillcrest Villas
2672-2736 E. Hillcrest Dr. Thousand Oaks, CA 91362

hillcrest secondOwner: Hillcrest Drive LP (General Partner is Hillcrest Drive LLC, an affiliate of Many Mansions

Sponsor, Developer, and Property Manager: Many Mansions

Service Providers: Ventura County Behavioral Health Department & Many Mansions

Project Architect:
Lauterbach & Associates Architects, Inc.

General Contractor: Dreyfuss Construction

Owner’s Representative: S.L. Leonard & Associates, Inc.

Financing:

  • U.S. Bank National Association
  • U.S. Bancorp Community Development Corporation
  • California Department of Housing & Community Development (HOME)
  • California Housing Finance Agency & the Department of Mental Health (MHSA)
  • City of Thousand Oaks (RDA)
  • Federal Home Loan Bank of San Francisco & Mississippi Valley Company (AHP)


Target Population

  • 15 Mental Health Services Act (MHSA) units for homeless persons with a mental disability and their families (≤30% AMI)
  • 15 units for extremely low-income and homeless families (≤30% AMI)
  • 18 units for very low-income families (≤50% AMI)
  • 11 units for low-income families (≤60% AMI)
  • One (1) unit is reserved for the on-site Resident Manager


Hillcrest Building Unit Mix
Building No. 1 Br. Flat (604 SF) 2 Br. Flat (1126 SF) 2 Br. Townhome (1208 SF) 3 Br. Flat (1404 SF) Units Per Building
1 16 - - 2 18
2 8 - - 4 12
3 - 2 - 4 6
4 8 4 - 4 16
5 - - 4 4 8
TOTAL 32 6 4 18 60

Hillcrest Villas Net Rents
AMI 1 Bedroom 2 Bedroom 3 Bedroom
30% $457 $544 $625
50% $791 $945 $1,088
60% $958 $1,145 $1,320



Services, Amenities & Property Information

Supportive Services:
Supportive services are offered free of charge to all residents and include but are not limited to:

  • Case Management
  • Service Coordination and Needs Assessment
  • Children’s Services (Homework Tutoring Club, Summer Camp)
  • Employment Services
  • Job & Life Skills Training

Property Amenities:
Free wireless internet, four on-site laundry rooms, a community building with library and meeting space, a community garden, BBQ area, tot lot and outdoor play/open spaces

Neighborhood Amenities (within 1/4 mile):
New Covered Bus Stop (immediately adjacent), Public Parks, Elementary School, Neighborhood Market, and Multiple Retail Centers


hillcrest thirdNew Construction

Total Project Cost: $25,444,544.00

Project Completed: May 3, 2013

Green Certifications: Enterprise Green Communities, California Solar Initiative Thermal Program, California Advance Home Program & Energy Star Certified New Home Version 3