Affordable apartment community opening in Roseville

A new affordable apartment complex has just opened in the coveted area of West Roseville for lower-income people who are searching for a place to live. USA Properties Fund has completed and started leasing Terracina at Winding Creek near highly rated public schools, new shopping centers and recreation areas – and brings much-needed workforce housing to West Roseville. The apartment community is at two sites – 3440 Westbrook Blvd. and 1040 Lower Bank Drive about a half mile away. "West Roseville has evolved into a vibrant, family-friendly community," said Geoff Brown, president of USA Properties Fund. The 284-apartment community, part of Anthem Properties' Winding Creek Master Plan, helps address the critical shortage of affordable housing in south Placer County, where thousands more apartments are needed for low-income residents, according to the California Housing Partnership. Many lower-income renters – from early-in-their-career professionals to those with service-industry jobs – cannot find affordable housing in Roseville, forcing them to commute to work from outside the region or live in market-rate apartment communities and pay much higher rent, creating an ongoing financial hardship. More than half of renters spend at least 30 percent of their pay on housing in Placer County, according to Harvard University's Joint Center for Housing Studies. Terracina at Winding Creek, which has about 60 apartments available for lease, will help, said Roseville Mayor Krista Bernasconi. "Roseville is committed to expanding access to quality, attainable housing through thoughtful planning and strong community partnerships," Bernasconi said. "The opening of Terracina at Winding Creek represents meaningful progress of bringing nearly 300 new homes online and helping meet the diverse housing needs of our growing community." The city of Roseville along with J.P. Morgan, Anthem Properties and tax-credit investor WNC Inc. are partners on the $119.2 million development with USA Properties Fund. Terracina at Winding Creek is near several major shopping centers – including a new Costco warehouse and a short drive from the Westfield Galleria, the largest mall in the Sacramento region – and numerous health providers such as Kaiser Permanente and Sutter Health. Terracina at Winding Creek is available to households that earn 30 to 70 percent of the median income for Placer County – about $27,000 for a single person to more than $100,000 for a six-member family. Rents start at $670 for a one-bedroom apartment for residents who earn 30 percent of the median income to $2,265 for a three-bedroom unit for households in the 70 percent range, significantly less than nearby market-rate apartment communities in the region. Almost 90 percent of the apartments are two- or three-bedroom units, further helping with the shortage of affordable housing in south Placer County.