Mirasol Village Progress Report
and Funding Update
March 2022
Mirasol Village – 427 homes
Mirasol Village Construction
Before and After - Exterior
Before and After - Interior
Mirasol Village Community Park
Tree Planting at the Park
Mirasol Village Community Garden
Community Engagement Mural
Project
Loaves and Fishes
Community Engagement Mural
Project
Commerce Printing
Block D Funding
Source
• Tax Credit Equity
• Permanent Loan
• City Housing Funds
• County ARPA
• HACOS CNI
• State MIP
• Deferred Developer Fee
TOTAL -
Amount
• $28,000,000
• $13,000,000
• $10,000,000
• $ 5,000,000
• $ 2,000,000
• $ 2,000,000
• $ 2,000,000
$ 62,000,000
Looking Ahead
• April through June 2022
Tenants first move in to 123 units at Blocks B and E
Mirasol Village Community Park and Garden open
RT track realignment starts
Block C (84 units) construction start
• September – October 2022
Tenants move in to 104 units at Block A
Community Rooms and Pool Area open
Light Rail station construction starts
• Late 2022 - Block D (116 units) construction start
• Late 2024 – Project Completion