
The La Rahada Apartments are one of Many Mansions’ most recent properties. This property was acquired July 1, 2008 and underwent a very comprehensive renovation from July to October of 2009. Residents started moving in as of December 2009.
» Rehabilitation completed October 30, 2009
» Our second complex in Simi Valley
» 8 units with a central courtyard and carports
» Units have 1 and 2 bedrooms
» On-site services
Supplemental information:
Purpose: Housing for the homeless and mentally disabled
Housing: 8 units; 1 and 2-bedroom units; extremely low-income
Cost: $2,294,897
Development: Acquisition/Rehabilitation; Construction Manager – Staples Construction; Architect- Lauterbach & Associates
Ownership: La Rahada, LLC (Many Mansions is the sole member)
Financing: Century Housing Corporation (bridge loan); State of California Department of Housing and Community Development’s Multifamily Housing Program (MHP) funds; Mental Health Services Act (MHSA) Housing Program funds administered via the Ventura County Behavioral Health Department, California Department of Mental Health and California Housing Finance Agency; and City of Simi Valley Community Development Agency funds
Services & Features: Services office; Laundry room; Patios/Balconies; & Casa de Paz (adjacent Many Mansions property) community room for special events |