New Lomas Lindas housing development provides much-needed affordable housing in the rural Central Valley
Press Release Provided by The Wonderful Company
The Wonderful Company (TWC), a global company dedicated to harvesting health and happiness around the world, today announced that six of 20 families have closed escrow and moved into their newly built single-family homes within the Lomas Lindas (Spanish for “beautiful hills”) development in Lost Hills, California. The homes address the housing shortage coupled with the heightened need for affordable housing and bring the power of homeownership within reach for qualifying families in California’s Central Valley.
Construction began in 2020, following a land and project management donation from Wonderful’s co-owners Stewart and Lynda Resnick. To counter the state’s increasingly high costs for owning a home and the competitive home buying experience, Lomas Lindas helps break down barriers for middle- to low-income families in Lost Hills, where many Wonderful employees live and work.
“Nearly 70% of Lost Hills residents rent at prices near the cost of a mortgage, and over half of the homes in Lost Hills are trailers. The Wonderful Company is committed to creating meaningful change in the communities we serve, including helping our neighbors realize the American Dream of home ownership,” said Andy Anzaldo, chief operating officer, corporate social responsibility at The Wonderful Company. “We are proud to play a part in making this dream a reality for 20 families in Lost Hills.”
The modern floor plan offers three bedrooms, two bathrooms, and a two-car garage. While each home maintains the same floor plan, every buyer can customize floors, cabinets, paint colors, appliances, and exterior areas to ensure their home fits their individual needs. The homes currently start at $238,000 for qualified buyers with monthly payments as low as $1,300. All 20 homes are expected to be completed by late 2022.
Lomas Lindas is located between California State Route 46 and the Wonderful College Prep Academy campus in Lost Hills, within walking distance of Lost Hills Park. It is made possible through a partnership with Central Valley developer Ennis Builders Inc. and bilingual lender Supreme Lending, who helped guide families through the financial and escrow process.
“We enjoy our community much more now because of the investment from Lynda and the company; however, the greatest is the [Wonderful College Prep Academy] school,” said Daniel Martinez, employee at The Wonderful Company and new homeowner. “My children have excelled academically because of these investments in Lost Hills. Now my family has the American Dream, our own home.”