True to the Mid Century Modern design that pervades the Coachella Valley, Monarch Apartment Homes is so-named for its roofline that mimics the monarch butterfly. The 60-unit affordable housing project broke ground on October 28, 2021 and is expected to be completed in 2023. The project is headed by the Community Housing Opportunities Corporation (CHOC).
The Need for Affordable Housing
According to a press release, in partnership with the city under a Disposition Development Agreement (DDA), CHOC will develop the land with rental apartments consisting of one-, two- and three-bedroom units. The project is financed by California Municipal Finance Authority (CMFA), the City of Palm Springs, the County of Riverside, Flagstar Bank, the California Community Reinvestment Corporation (CCRC), California Tax Credit Allocation Committee (CTAC), and California Debt Limit Allocation Committee (CDLAC).
Palm Springs is known for its desert sunshine and Mid Century Modern architecture, as a getaway for sun-seekers. CHOC CEO Manuela Silva explains the need for affordable housing in Palm Springs: “Like many of our cities, the area is heavily reliant on hardworking, low-income workers that are the backbone of many industries here, yet they often have to choose between paying for housing versus other necessities such as childcare, food, and healthcare.”
Monarch Apartment Homes is a step towards addressing this need in the area. “This is the first new affordable housing property in 12 years and there is more to come. I am proud of Riverside County, the City of Palm Springs, the mayor and our council members,” said Supervisor V. Manuel Perez.
Monarch Apartment Homes’ Design