Irvine, CA — Irvine City Councilmember Melissa Fox today received an award on behalf of the Irvine Community Land Trust for the opening of new permanent affordable housing in Irvine.
The new housing project is Parc Derian, an 80-unit,100% permanent affordable housing community. Eight units (10%) are reserved for veterans, four units are reserved for “at risk” families through Families Forward, and four units are reserved for disabled individuals.
Councilmember Fox is the Chair of the Irvine Community Land Trust. She has made creating more affordable housing a priority. In addition to her work on the Irvine City Council and the Irvine Community Land Trust, Councilmember Fox has made numerous trips to Sacramento to testify before legislative committees and to work with the state legislators, including State Senators John Moorlach, Jim Beall, Scott Wiener, and Janet Nguyen, and Assemblymember Sharon Quirk-Silva on solutions to the California housing crisis.
In addition to the Irvine Community Land Trust, other partners in the Parc Derian project included the City of Irvine, the U. S. Department of Housing and Urban Development, the California Tax Credit Allocation Committee, the National Equity Fund, the Bank of America, C & C Development, Lennar Corporation, Innovative Housing Opportunities (IHO), Orange County and United Cerebal Palsy, Familes Forward, and Lighthouse Community Centers.
Parc Derian is located within the Irvine Business Complex (IBC).
At the opening ceremony, Councilmember Fox made the following remarks:
“Good afternoon and welcome. I’m delighted that you have come to enjoy the grand opening of our latest affordable housing project.
Many of you may wonder what is the Irvine Community Land Trust and why are we involved in this project. The Irvine Community Land Trust was established by the City in 2006. We were the City’s homegrown nonprofit created to hold land in perpetuity for affordable housing.
Three years ago, in partnership with the City and C&C Development, we started development of our second affordable housing project – Parc Derian. Today you see the finished product. But what you may not realize is that this property will always be affordable. This is because the Irvine Community Land Trust, as a nonprofit, holds land for the community in perpetuity. This was and is the vision the City had when it created the Irvine Community Land Trust.
Today, the Irvine Community Land Trust remains committed to implementing the City’s vision of creating permanent affordable housing. It bears repeating that the City’s vision of housing for Irvine is that we have “a full spectrum of housing types to meet the needs of all income groups at all stages of life that will be permanently affordable.”
You have heard how Parc Derian serves families, special needs residents, and veterans. You will hear from some of these residents shortly. Remember, because of the Irvine Community Land Trust’s commitment to permanent affordable housing, these residents will never fear that they might be displaced from their homes because of market rate rent increases. These homes provide a high quality of life for today’s and tomorrow’s residents.
And we have made these homes wonderfully affordable to residents with rents as low as $570 per month. Parc Derian gives individuals and families a sense of community; it is not a coincidence that “community” is part of our name.
As we celebrate the successful completion of this project and the partnership we have with the City, we also look forward to our next housing permanent affordable developments. A new 80-unit rental project along Sand Canyon is in the design phase and should break ground this time next year. And looking beyond that project, we are anticipating more land and funding from the City to the Land Trust to create more permanently affordable housing.
As the City’s nonprofit we will develop future properties and assure the community that they will never be lost or converted to market rate housing.
We call this commitment “stewardship” — and you have our solemn promise that we will always strive to meet the vision of creating and managing a full spectrum of housing opportunities for families, as the Irvine Community Land Trust continues to work with the City to create more permanent affordable housing for our residents.”