When Mix Works Magic

BOUND TO BONDS: Seven years after it was proposed, the $160 million One Santa Fe broke ground in L.A., thanks to an 80/20 tax-exempt bond execution.

THE RIGHT MIX: Half the 318 units at the $350 million Village at Santa Monica will be high-end luxury condos; the other half, affordable housing.

HIGH-PROFILE: The 196-­unit Portrero Launch in San Francisco, opening in September, was bought by Henry Cisneros’ CityView for $90 million in January.

WORDS OF WISDOM: Bill Witte, president of Irvine, Calif.–based developer Related California, has a lot of experience with mixed-income deals. He says market-rate developers interested in pursuing such arrangements must consider not only the federal laws governing them but local regulations, as well.

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