On Wednesday, September 14, Mayor Yxstian Gutierrez and the Moreno Valley City Council cut the ribbon to officially open phase one of the Courtyards at Cottonwood affordable housing community.
Courtyards at Cottonwood is an 81-unit gated community with 60 units set aside for lower-income families and 20 units reserved for lower-income seniors. The Mayor and Council were joined by representatives from Rancho Belago Developers, Inc, Riverside County, and the Moreno Valley Chamber of Commerce.
“As Moreno Valley continues to grow, the Courtyards at Cottonwood will provide more opportunities for families of all income levels to live, work, and play in our City,” said Mayor Gutierrez. “This brand-new community elevates what affordable housing can be, and I thank Jim Jernigan and the entire Rancho Belago Developers team for their continued investment in Moreno Valley’s future.”
“I am very excited to introduce the Courtyards at Cottonwood Apartments,” said Jim Jernigan, President of Rancho Belago Development, Inc. “This development was nearly ten years in the making and marks the eighth affordable development I’ve been involved with developing in Moreno Valley. As a local business owner and 50-year resident, I am excited to provide safe, quality, affordable housing to the residents of Moreno Valley.”
Amenities at Courtyards at Cottonwood include a community room, a swimming pool, passive courtyard areas with benches and barbecues, an exercise course, and a community park with a basketball court. The community features a range of one-bedroom, two-bedroom, and three-bedroom units.
The first phase of the Courtyards at Cottonwood was made possible through a public-private partnership between the City of Moreno Valley, County of Riverside, Rancho Belago Developers, Inc., Kingdom Development, Inc., and CREA, LLC. It was completed on June 30, 2022, and was fully leased and occupied within five weeks, with hundreds of applicants currently on the waiting list.
Phase Two of the Courtyards at Cottonwood will feature 32 additional units and is expected to begin construction in 2023.
Rancho Belago Developers, Inc. has been a consistent partner in bringing inviting affordable communities to Moreno Valley since 1996. To date, they have built eight housing communities totaling over 600 units across the City, including Cottonwood Place Apartments, Hemlock Apartments, and Rancho Dorado Apartments.
The Courtyards at Cottonwood is located at 24580 Cottonwood Avenue.