PARC DERIAN
This 80-unit affordable family project is a four-story apartment complex located in the Irvine Business Complex (IBC), a mixed zoning area, with high density residential, commercial and light industrial uses. The contemporary architecture incorporates urban inspired elements and finishes and is designed to achieve a LEED Gold energy efficient certification. Developed on a 2.2- acre urban infill site with almost a half-acre of open space.
Sixteen of the apartments are set aside for veterans as well as previously homeless families through Families Forward and people living with mental disabilities. Numerous amenities include social services such as health and education enhancement programming designed for Parc Derian residents.
Ranging in size from approximately 635 to 1,203 square feet, the one-, two-, and three-bedroom apartments have private balconies and patios and are designed to accommodate large families with household incomes between 30 percent and 50 percent of area median income.
Community Features
5,000 square feet of community space
fitness room
on-site laundry facilities
secured bicycle storage
mail room
computer room
in-unit laundry facilities
tot lot
pool
outdoor barbeque and fireplace pavilion
community garden
Partnerships
Parc Derian is a collaborative project between C&C Development, Lennar, Irvine Community Land Trust, and Innovative Housing Opportunities. Financing for Parc Derian consists of Low-Income Housing Tax Credit funding through the California Tax Credit Allocation Committee (TCAC), a construction loan provided by Bank of America, and a permanent loan through the California Community Reinvestment Corporation. Additional financing was invested by the City of Irvine and Lennar Corporation. KTGY Group is the project architect and Advent Companies is the general contractor.
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