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USA Properties Fund and Irvine Co. Commence Construction on 338-Unit Affordable Housing in Tustin

USA Properties Fund and Irvine Co. Commence Construction on 338-Unit Affordable Housing in Tustin

Tustin, CaliforniaSource: Bisnow
MarketsPolicyZoning

USA Properties Fund and Irvine Co. have commenced construction on Terracina at Tustin Legacy, a substantial 338-unit affordable apartment complex in Tustin. This development is strategically located within a 1,600-acre master-planned community, which is actively repurposing a former Marine Corps Air Station. The Terracina at Tustin is designed to include a variety of one- to three-bedroom apartments, alongside community amenities such as a clubhouse, swimming pool, and a dedicated parking garage.

The project is a notable addition to the region's housing stock, specifically addressing the critical need for affordable options within Orange County. Construction is slated for completion by mid-2029, with prospective residents able to begin leasing and moving into units during the second half of 2028. This initiative highlights the ongoing trend of integrating diverse housing solutions, including affordable segments, into large-scale, redeveloped land parcels. For stakeholders in real estate development and finance, this project illustrates the continued viability and importance of investing in affordable housing within well-planned, mixed-use environments. The successful execution of such projects can serve as a model for future urban infill and redevelopment efforts.

Topics

affordable-housingirvine-comaster-planorangetustin-legacyusa-properties-fund

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