Collaborations

Montaira Expands Much-Needed Affordable Housing for Seniors

Montaira Expands Much-Needed Affordable Housing for Seniors

Montaira Expands Much-Needed Affordable Housing for Seniors

When people of all ages and backgrounds are within close proximity to each other, their families, recreation, healthcare and other important aspects of their lives, their quality of life is elevated – and so is the overall vibrancy of the community.

When the new residents at Montaira began moving into their new 165-unit affordable community in November 2020, they became another important addition to the inclusive and integrated environment within Great Park Neighborhoods in Irvine.

Specifically built for low-income individuals aged 55 or older, Montaira further narrows the gap in much-needed affordable housing in Irvine and across California. It also helps residents stay closer and connected to their nearby family members in Irvine.

Montaira is the third senior community (Solaira in 2015 and Luxaira in 2018) and fifth affordable community overall within Great Park Neighborhoods (Luminaira and Espaira opened as affordable communities for families in 2017). Solaira was the first affordable community for seniors to open in Irvine in 20 years. 

FivePoint’s joint venture (Heritage Fields LLC) funded the construction of Montaira and three other affordable communities at Great Park Neighborhoods alongside Riverside Charitable Corporation and Related California. Espaira was developed by FivePoint’s joint venture in conjunction with Related California and El Toro Housing Initiative Collaboration.

Approximately 665 affordable units have now been delivered by FivePoint and collaborators in Great Park Neighborhoods, representing approximately 60 percent of the 1,056 total affordable units planned for the community.

FivePoint’s prioritization of providing affordable housing in its communities through its ongoing collaborations continues across the state, with plans to build more than 6,000 affordable housing units in Irvine, Valencia and San Francisco.