Justin Llata Named Chief Real Estate Development & Financial Officer
Visionary Home Builders of California, Inc. (VHB) has announced that Chief Operating Officer, Justin Llata, will become the Chief Real Estate Development & Financial Officer. Llata has more than fifteen years in real estate development and ten years in executive management and leadership at VHB. He is committed to community development and has been an advocate for positive affordable housing policy and policy changes throughout his career. With involvement in all aspects of the business and operations at VHB, his responsibilities include development, construction, finance, property management, and asset management. Most recently, he was highly involved in building out the agency’s pipeline of major development projects, which includes the oversight of $350 million in past projects utilizing private and public funding to include tax credits, HUD, USDA, State and local sources. Over the course of his tenure with the organization, his leadership of acquisitions, rehabilitations, as well as the new construction of multi-family housing, has played a pivotal role in the growth and success of VHB, guiding it into a premier, nonprofit housing developer. Currently, with $175 million dollars of projects in progress, Llata will be responsible for overseeing the financial structure and development of multi-family housing. “We are both pleased and excited to promote Justin to this new role and add the responsibilities of Chief Real Estate Development and Financial Officer to his position,” states Carol Ornelas, CEO of Visionary Home Builders of California, Inc. “His proven track record of overseeing the success of our many projects throughout the Central Valley speaks for itself.” Llata is a graduate of Cal Poly, San Luis Obispo, where he studied Computer Science. Having been raised in a family first setting, where education and foundation started at the breakfast table, Llata understands the importance of healthy housing and aims to better the world by improving the lives of many via clean, safe, affordable housing. He enjoys spending his free time outdoors with his wife, daughter, and two dogs.
Patience pays off for Grand View Village
STOCKTON — Carol Ornelas spent a large portion of last Tuesday morning refreshing the browser on her office computer at Visionary Home Builders in downtown Stockton.
Whispering Pines Apartments Beneficiary to the First Electric Vehicles in New Car-Sharing Program
Whispering Pines Apartments
Beneficiary to the First Electric Vehicles in New Car-Sharing Program
Visionary Home Builders Receives $100,000 Wells Fargo Grant
Visionary Home Builders of California (VHB) was presented with a $100,000 Wells Fargo Priority Markets Program (PMP) grant on Friday, November 30. PMP, funded by Wells Fargo Foundation, supports projects, programs and initiatives focused on neighborhood revitalization and helps remove barriers to sustainable housing in low- and moderate-income communities. VHB is one of 50 nonprofits selected nationwide to receive these funds. During the check presentation, VHB CEO Carol Ornelas thanked leaders of the financial services provider for their continued investments into affordable housing and the community of Stockton. “We have the opportunity to make noticeable changes in the lives of so many that have been affected by the lack of affordable housing,” said Ornelas. “These grant dollars will be utilized to make a huge impact on Stockton and the surrounding communities.” This grant brings Wells Fargo’s total investment into VHB and affordable housing efforts in the city of Stockton to more than $1.1 million over the last nine years. VHB will utilize the PMP grant for several projects providing housing to low-income individuals and families in Stockton. These projects include the following: Homes at Simbad Estates, a 17-home development located in South Stockton, will be sold to first-time homebuyers of low- to moderate-income levels. This community is surrounded by public and community amenities and large national brand industrial manufacturers, which employ local residents. Located off of March Lane near El Dorado Street, the Villa de Oro community will undergo a full rehab, which will focus on maintenance repairs, energy efficiency and accessibility. This community consists of 11 buildings with a total of 172 multi-family units, a laundry facility and leasing office. Hunter Street Apartments are made up of seven residential buildings and one laundry facility and a leasing office. Funding will be used for rehab work including maintenance repairs, energy efficiency and accessibility. The improved property will provide 74 multi-family housing units with preference to veterans, as well as Supportive Service programs.
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