GABILAN PLAZA APARTMENTS
RECAPITALIZATION & RENOVATION
  1. Gabilan Plaza Apartments
    Gabilan Plaza Apartments
    LOCATION: Salinas, California PROJECT SIZE: 200 Units PROJECT TYPE: Affordable Workforce Housing SUBSIDY TYPE: LIHTC, S8 Project-Based Voucher PICTURED: Mayor Joe Gunter & Matt Locati
  2. Gabilan Plaza Recapitalization
    Gabilan Plaza Recapitalization
    Terrex assisted the non-profit owner in obtaining $16,000,000 in new financing and $13,000,000 in low income housing tax credits and energy credits to fund a $10,000,000 renovation of the 43 year old complex.
  3. Gabilan Plaza Unit Renovations
    Gabilan Plaza Unit Renovations
    Two hundred families were relocated on-site in two week rotations, eight households at a time, while all units were renovated with new cabinets, fixtures, paint, granite counters & stainless steel appliances in just 6 months.
  4. Gabilan Plaza Energy Efficiency
    Gabilan Plaza Energy Efficiency
    The site received a new computer learning center, two outdoor recreation areas, water conserving landscaping and irrigation and a 168KW solar system which provides 100% of the complex's electric needs.