City to Get Gated, Single-Family Housing

The city’s first gated, single-family home tract, an affordable-housing project designed for buyers with moderate incomes, will be built on a 3-acre site on Bushard Street north of Garfield Avenue, city officials said.

Under the development agreement, Olson Co. will build the homes, which will sell for about $245,000 for three-bedroom models and $255,000 for those with four and range from 1,798 to 2,052 square feet.

Families earning up to 120% of the Orange County median income, which would be about $73,000 for a family of four, will be eligible to buy the one- and two-story homes.

Jeff Clemens, city housing coordinator, said home buyers will receive $30,000 in redevelopment agency assistance, which in effect will lower the sale price. For the first 10 years, home buyers will get the money interest-free, and in subsequent years of the mortgage, they will pay 3% interest.