Copper Creek Affordable Apartments - San Marcos, CA

As the largest developer of affordable housing in California, Bridge Housing relies heavily on market studies when applying for tax credit financing through the State of California's Tax Credit Allocation Committee (TCAC), the California Debt Limit Allocation Committee (CDLAC) and the California Housing Finance Agency (CalHFA). With its high success rate of establishing the market need for affordable housing built throughout Southern California by a variety of developers, our staff's expertise on meeting and even exceeding the State of California's market study guidelines has made us a leader in affordable housing market research.

For Bridge Housing's proposed Copper Creek Apartments community in the master-planned community of San Elijo Hills, we first identified current and projected demand for rental households earning from 25 to 60 percent of the countywide median income and then determined the associated housing shortfall. Using a demand model required by TCAC, MarketPointe proved the demand model to undercount demand from adjoining areas, thus increasing actual demand dramatically.

Next, because the subject site was located in a largely undeveloped area of San Diego County and no comparable properties were located within the preferred one-mile radius, our staff personally visited numerous market-rate apartment projects in nearby Carlsbad and San Marcos to demonstrate the acute need for more affordable housing in the area beyond the one-mile band.

A final review of proposed developments within the jurisdictions of Carlsbad, San Marcos and San Diego County showed that the proposed project would be the only affordable housing project serving not just the San Elijo Hills community itself, but adjoining areas out to a 10-mile radius and beyond.

The Copper Creek Apartments opened in 2005.