December 11, 2017

Celebrating the Grand Opening of Jardin de las Rosas

Jardin de las Rosas

Enterprise would like to congratulate Peoples’ Self-Help Housing Corporation (PSHHC) on the grand opening of Jardin de las Rosas! The Spanish Colonial new development is located in downtown Santa Barbara, California, near the buzzing State Street corridor, which provides excellent access to daily services, public transportation and amenities. The development adds 40 affordable homes for families, including eight homes subsidized and affordable for previously homeless tenants.

Financing

JPMorgan Chase provided $9.8 million of construction financing. Permanent financing included $3.4 million from California Community Reinvestment Corporation, $3.6 million from PSHHC, $1.2 million of HOME funds from the City of Santa Barbara and $1 million of RDA funds from the City of Santa Barbara. Enterprise was pleased to provide $7.3 million of equity towards this valuable community on behalf of JPMorgan Chase.