Twin Oaks Apartments in Vacaville is a 46-unit family property built in 1983. The redevelopment strategy required generating maximum loan proceeds, achieved by pairing a HUD-insured 223(f) loan with the property's Housing Assistance Payment (HAP) contract. The structure yielded $48,000 per unit of rehabilitation.
Resident units received new cabinets, countertops, flooring, paint, and lighting and plumbing fixtures. Exterior work replaced fencing and picnic tables and repainted the property. New dual-paned windows lower residents' gas and electric bills.
Resident services include Tooth Travelers, a mobile dental program that gives residents regular dental care and education at no charge, without leaving the property.