USA Properties Fund Inc. broke ground today on a four-acre parcel in Aliso Viejo that will be home to Vintage Aliso, an affordable senior community.
Mayor Bill Phillips, Mayor Pro Tem Mike Munzing and Council Members Ross Chun and Dave Harrington were on hand along with City Manager Dave Doyle and City staff members for the groundbreaking festivities.
Roseville-based USA Properties bought the land, near the southwest corner of Aliso Viejo Parkway and Liberty, from the Capistrano Unified School District.
Mayor Phillips said the affordable senior community will help accommodate Aliso Viejo’s senior population.
“Senior housing is an issue in our City, just like so many others in Southern California,” he said. “So, we’re extremely pleased with USA Properties’ acquisition and its plans for the property.”Vintage Aliso is for residents 55 years and older with household incomes between 50% and 60% of the area median income for Orange County.
Despite being affordable, Vintage Aliso will boast an attractive design, many features and high-quality amenities.
Construction on the 202-apartment community should be completed in November 2016.