Nov 16, 2015
The Beverly Park Senior Apartments project is an acquisition/rehabilitation of an existing 49-unit project, currently known as Beth Am Manor Apartments that houses seniors and is subsidized with a Project-Based Section 8 contract. The project will include substantial rehabilitation of each unit as well as rehabilitation to the community room and shared facilities. The rehabilitation aims to increase energy and water efficiency and will include a 20-year renewal of the HAP contract. Rents will be restricted to senior households with incomes no greater than 50% and 60% of the area median income. The apartments are located Los Angeles, California.
Nov 12, 2015
The Bellflower Friendship Manor Apartment project is an acquisition/ rehabilitation of an existing affordable senior housing development that is located in Bellflower, California. The project is an 8-story, mid-rise building with 144 apartment units that consists of 84 studio units and 60 one-bedroom units (including one manager’s unit that is income restricted). Bellflower Friendship Manor Apartments were constructed in 1973 as a midrise building within one acre of land. The project was designed with the evolving needs of senior residents in mind. The rehabilitation program will address health and safety issues, ADA upgrades, deferred maintenance, and energy efficiency when possible. Various activities are available to Bellflower Friendship Manor residents including health information seminars, regular excursions to local attractions and various craft classes. The preservation and rehabilitation of the property will preserve this community as an affordable project for another 55 years.
Nov 12, 2015
The College Park II Apartments project is a new construction development that will be located adjacent to the Ivy at College Park Apartments that the CMFA issued bonds for in 2012. The project will be a 200-unit multi-family complex made up of garden style buildings with one-, two- and three-bedroom apartments. A total of 198 of the units will be restricted to households with incomes no greater than 50-60% of the area median income with two units set aside as manager’s units. The financing of this project will result in providing affordable housing for 198 families in the City of Chino for 55 years.
Oct 28, 2015
The Lodge at Eureka Apartment project is an adaptive rehabilitation of the Eureka Downtowner Motel. The conversion of Lodge at Eureka Hotel into an affordable senior housing project will convert the existing 50-unit hotel into affordable housing apartments for seniors. Rents will be restricted to senior households with incomes no greater than 50% and 60% of the area median income.
Oct 15, 2015
The Coalinga Senior Apartments (also known as Valle del Sol) is a new construction project located on a 1.3-acre portion of vacant land located in Coalinga, California. The project will consist of a three-story building with 40 units, one of which is the manager’s unit. The project will target seniors earning up to 60% of area median income. This development will provide quality, affordable housing for 39 seniors living in the City of Coalinga for the next 55 years.
Oct 8, 2015
The Stevenson House is an acquisition/rehabilitation of a senior affordable rental housing project located in the City of Palo Alto. The apartment complex was built in 1966 and is an affordable senior housing project. The project consists of 120 studio and one-bedroom apartments for people who earn at or below 50% and 60% of the area median income. The acquisition/rehabilitation of this project will continue to provide housing for 120 senior families for another 55 years.
Oct 2, 2015
The Springville Apartments project is a new construction project of a 60-unit affordable multi-family rental housing facility. The project will be located on 2.5 acres in the Springville Master Plan community of Camarillo, California. The project will offer 59 units restricted to households with incomes no greater than 50-60% of the area median income. The financing of this project will result in providing affordable housing for 59 families in the City of Camarillo for 55 years.
Oct 1, 2015
The Terracina Oaks II Apartments project is a new construction project located on a 2.9-acre piece of land located in Greenfield, California. The development will consist of six residential buildings. There will be 48 units with a unit mix of 24 two-bedroom units and 24 three-bedroom units. The project will target households earning up to 60% of area median income. For the benefit and welfare of its residents, the project will share a 2,469 square foot community building with the adjacent Phase 1 of the development (Terracina Oaks Apartments). The Terracina Oaks II Apartments will provide quality, affordable housing for 47 families living in the City of Greenfield for the next 55 years.
Sep 24, 2015
Santa Rosa Academy is a California nonprofit public benefit corporation. The Academy financed the costs of acquiring, constructing, improving, renovating and equipping of additional facilities located in Menifee, including a 31,000 square foot, one-story gymnasium, a baseball field with a snack bar and two restrooms, three storage buildings and additional parking spaces and landscaping.
Sep 16, 2015
The Park Lane Apartments project is an acquisition/ rehabilitation of an existing affordable housing apartment complex. The Project’s 90-units will be restricted to residents with household incomes no greater than 60% of the Area Median Income with exception to the one managers unit. The scope of work will include substantial rehabilitation to address replacement of major building systems, increase energy and water efficiency, and will include a 20-year renewal of the HAP contract. The financing of this project will result in the retention of 89 affordable apartments for another 55 years in the City of Petaluma.
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