Housing on Merit is pleased to announce it has acquired two affordable housing complexes located in Fairfield, CA, in partnership with Standard Communities. The acquisition and partnership demonstrates a commitment to bringing communities with high-quality homes that residents can enjoy for generations to come. The Parkside Villa and Rockwell Manor apartment complexes comprise 128 units and will undergo a $7 million renovation project to upgrade nearly every aspect of the properties, and will do so without displacing residents during the renovation. “Housing on Merit is eager and excited to participate in the preservation of much needed affordable housing for Fairfield residents,” said Jennifer Litwak, Executive Director of HOM. “Parkside Villa and Rockwell Manor will soon be transformed into beautifully updated communities that residents will enjoy and be proud of for many years.” In addition to overhauling unit interiors and improving energy efficiency, the renovation will modernize building systems, update facades, expand and improve common areas and amenity spaces. Despite the comprehensive renovation there will be no rent increase for residents.
May 17, 2019