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Developer outlines Jacaranda Gardens success and seeks MHP funds for adjacent 72‑unit project
Summary
Chelsea Investment presented the recently completed Jacaranda Gardens and a proposed adjacent project, Palafiro, to El Centro City Council, saying Jacaranda filled a strong local demand and that the developer will apply for state soft‑debt (MHP) to support 72 new units, including units for people with developmental disabilities.
Bridal Lendergan, senior development manager for Chelsea Investment, presented an overview of Jacaranda Gardens and a proposed follow‑up project, Palafiro, during the El Centro City Council meeting. She said Jacaranda Gardens is a 96‑unit development with units deed‑restricted at or below 60 percent of area median income and that the project drew more than 1,600 applicants.
Chelsea Investment, Lendergan said, has developed more than 12,500 units companywide and more than 300 affordable units in El Centro over…
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