First Phase of Waterfront Mixed-Use Development Portside Ventura Harbor Completed

First phase of the Largest Waterfront Mixed-Use Development of its Kind on West Coast Completed

Portside Ventura Harbor begins leasing first 56 of the 270 apartment homes

Developers of Portside Ventura Harbor, the largest mixed-used waterfront development of its kind on the West Coast, have released the first 56 apartment homes for lease. The culmination of nearly two decades of planning, at buildout in April 2020, the 27-acre Portside Ventura Harbor fronting Ventura Harbor and the Pacific Ocean will feature 270 apartment homes, 30 live/work units and 22,000 square feet of community serving retail.

Portside Ventura Harbor distinguishes itself from most other mixed-use developments by adhering to the new urbanism principles that are behind the successful communities of Seaside, FL and Santana Row near San Jose, CA. This ultimately helped the Portside Ventura Harbor project gain approval from the California Coastal Commission. Often referred to as “villages,” new urbanist projects place an emphasis on low-impact development with walkable streets, housing, public spaces and shopping all in close proximity to one another.

Created around a large public plaza, Portside Ventura Harbor residents can walk or bike to the community’s town center, 22,000 square feet of retail, pool, spa, tennis court, and pet park. To encourage enjoyment of the waterfront by the community, the developers also dedicated two acres for a public park as well as a new pedestrian promenade bordering the harbor.

The Mission Colonial architecture of Portside Ventura Harbor was designed by Togawa Smith Martin, Inc. with a very low-density ratio of 11 units per acre. All of Portside Ventura Harbor’s studio, one-, two-, three-bedroom apartment homes and live/work units averaging over 1,000 square feet – with 10 percent of the units set aside for low- and moderate-income earners — face the street to activate the sidewalks.

Portside Ventura Harbor also includes the first new marina in Ventura Harbor in more than 30 years. The Marina will feature 104 boat slips to accommodate vessels up to 80 feet, as well as a 90-foot public paddleboard dock.

The developers have engaged family-owned E&S Ring Management Corporation to oversee residential leasing and the Ventura County office of CBRE the retail leasing.

Learn more at portsideventuraharbor.com.

City of Simi Valley Offers Up to $50,000 Home Rehab Loans for Low-Income Homeowners

City of Simi Valley Offers $50,000 Deferred Payment Home Rehabilitation Program Loans with 2% Interest for Low-Income Homeowners

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The City of Simi Valley offers deferred payment Home Rehabilitation loans up to $50,000 to low-income homeowners, with no monthly payments. Loans accrue 2% interest for the first 15 years, and are reserved for owner-occupied single-family homes in need of repair. Full repayment is required when the property is sold, refinanced, or leased, or when the property changes title. 

In order to qualify for these loans, household income may not exceed low-income limits published annually by the United States Department of Housing and Urban Development.

Repayment of Home Rehabilitation loans is required upon sale, refinance, or transfer of the property.

Examples of eligible work include roof repair or replacement, repair or replacement of damaged walls, doors, screens, hardware, cabinets, bathroom fixtures, kitchen built-in appliances, replacement of deteriorated floor coverings, connection to sanitary sewer, repair or replacement of severely deteriorated exterior stucco, siding and doors (including garage doors), window replacements, replacement of deteriorated/hazardous driveway, replacement of old heating and air conditioning systems, installing attic insulation, and weatherstripping.

For further information or to request an application contact the City’s Home Rehabilitation Coordinator at 805-583-6757 and visit www.simivalley.org/departments/environmental-services/housing-section-planning-division/home-rehabilitation-program for details.

Source: City of Simi Valley website at www.simivalley.org.