Arroyo Grande Villas is a 25-unit family townhouse and apartment complex located at 1911 Finnell Place in Yountville, CA. It was developed by Napa Valley Community Housing (NVCH).
The 25 units of one, two, and three-bedrooms serve families earning 50%-60% of AMI ($40,900-$49,080/yr for a family of four) in Napa County. The units were built using "Green" construction practices – featuring dual pane windows, efficient split-system electric heating and air conditioning, tank-less water heaters, interior light sensors and no VOC paints. The development includes a large community room and children's play area
SVB is provided a $4,768,000 tax-exempt bond purchase loan for construction and a $1,023,000 tax-exempt bond/term loan for the project.
Construction was completed September 2010 and the project was fully occupied in December 2010.
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