Apartment complex to make more units affordable in financing plan
Apartment complex to make more units affordable in financing plan
Source: The Signal
Date: 06/22/2026 5:37pm
Article Summary:
Nonprofit Seeks $110 Million Bond to Convert 75% of Diamond Park Apartments in Santa Clarita to Affordable Housing
The Santa Clarita City Council is considering a proposal that would allow the Maple Housing Foundation to issue $110 million in municipal bonds to purchase and renovate the 256-unit Diamond Park Apartments in Canyon Country. If approved, the plan would increase the number of deed-restricted affordable units from 51 to 141, making 75% of the complex affordable to lower- and moderate-income residents, with no financial obligation to the city. The property, currently managed by GHP Management, was recently cited for maintenance violations that have since been corrected.
Read article here »
Date: 06/22/2026 5:37pm
Article Summary:
Nonprofit Seeks $110 Million Bond to Convert 75% of Diamond Park Apartments in Santa Clarita to Affordable Housing
The Santa Clarita City Council is considering a proposal that would allow the Maple Housing Foundation to issue $110 million in municipal bonds to purchase and renovate the 256-unit Diamond Park Apartments in Canyon Country. If approved, the plan would increase the number of deed-restricted affordable units from 51 to 141, making 75% of the complex affordable to lower- and moderate-income residents, with no financial obligation to the city. The property, currently managed by GHP Management, was recently cited for maintenance violations that have since been corrected.
Read article here »