Fair Oaks Court provided affordable homeownership opportunities for a range of household incomes. The unit mix includes 33 low- and moderate-income units, 3 workforce homes, 4 market rate homes, and 1 commercial unit. Fair Oaks Court blends new construction with rehabilitated historic homes. The project architects took their design cues from the surrounding Raymond-Summit neighborhood, which is full of wonderful, historic homes. The four new buildings at Fair Oaks Court are constructed in the Arts and Crafts style, and contain 31 residential condominiums ranging from one to four bedrooms.

The project was the first in the U.S. to use New Market Tax Credits (NMTC) to fund for-sale housing project. Fair Oaks Court has also received recognition from Affordable Housing Finance as the Reader’s Choice Affordable Project of the Year and from the Southern California Association of Non-Profit Housing (SCANPH) as the Affordable Homeownership Project of the Year for Southern California. 
Fair Oaks Court also received a 2009 preservation award from the City of Pasadena’s Design and Historic Commission

Affordable sales prices varied from $108,000 for a one-bedroom unit to $294,000 for a four-bedroom unit. The three workforce units were sold for an average price of $500,000. The four market-rate homes were sold for an average of $775,000. HHP worked with a local college to arrange for the purchase of the workforce and market-rate units by faculty households; the college provided secondary financing to assist with the purchase of these units.

HHP also worked in collaboration with the local utility to achieve an energy savings of 56% compared to Title 24 requirements. All parking is below-grade to maximize community green space throughout.

The property is located near the intersection of North Fair Oaks Avenue and Orange Grove Boulevard, just north of the 210 Freeway. It is bound by Fair Oaks, Peoria, Esther, and Raymond and is conveniently located across the street from the Vons Retail Center.

Read the Fair Oaks Court Fact Sheet for further information about Fair Oaks Court or view the Fair Oaks Court Construction Gallery.

At this time, no further units remain for sale. Please contact HHP to learn about our other affordable homeownership projects. Click Here to Download the Fair Oaks Court Fact Sheet.