On Tuesday, the City of Lake Elsinore broke ground on the new Pottery Court apartment complex that will target families in the $13,650 to $32,500 income bracket.
Located on 4.4 acres at Pottery Street and Langstaff Avenue, just two blocks from the Lake Elsinore’s historic downtown, the $24 million development project will feature 113 new affordable family rental apartments.
The apartments will be offered to families with annual incomes ranging from approximately $13,650 for a single person household to $32,500 for a four-person household. Monthly rents are expected to range from approximately $316 to $761, depending on income and apartment size.
There will be 20 one-bedroom apartments, 48 two-bedrooms, and 45 three-bedrooms.
The developer on the project is BRIDGE Housing Corporation, a non-profit developer of affordable housing.
According to Lyn Hikida, director of communications for BRIDGE, amenities at Pottery Court will include a community building with a study room, a great room, a full kitchen, a pool, BBQs and outdoor play areas.
Redevelopment money is being used to fund the project, which is scheduled to open next spring.
The project was approved by the city in June 2008.
For more information on the project, visit www.bridgehousing.com/Pottery-Court.