california community housing agency glendale
CSCDA CIA Acacia AnnouncementLINK TO THE PROPERTY. Entertaining in the back yard is easy with large patios, privacy and of course gorgeous views. Soua Vang Deputy Directory of Community Development/Economic Development. As a mayor and advocate for affordable housing, I am looking forward to seeing this approach take shape in Glendale, City Councilmember Vrej Agajanian, who was mayor of Glendale at the time of the sale, said in a statement.Current Glendale Mayor Paula Devine added that rent has outpaced income, which has been felt by low-income and middle-income households.This model emphasizes good, practical ideas to help protect a part of our existing population who cannot afford rent, but do not qualify for assistance, she said in a statement.Next on Lex and the Brio arent the only recent sales in L.A. County where the owner is seeking to provide middle-income housing.Waterford Property Co. and the California Statewide Communities Development Authority recently purchased a 216-unit luxury apartment community in Long Beach for $120 million. Suspiciousactivity can be reported to our office for investigation. (818) 548-3936. The Brio complex, located at 546 W. Colorado St., has 205 units and was. Sacramento, CA 95814, P: Working as a team, we can remove ineligibleindividuals from receiving government assistancefraudulently. Cypress Equity Investments sold the 494-unit Next on Lex complex in Glendale for $290 million, according to the Los Angeles Business Journal. The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), . Additionally, no existing tenants are displaced under the program. Waterford Property bought the Oceanaire complex in Long Beach in March with the help of tax-exempt bonds from the California Statewide Communities Development Authority. The authority also provided bonds to Opportunity Housing Group to purchase the 161-unit Moda at Monrovia Station complex from Griffin Capital and Legacy Partners. November 4, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $81,065,000 in tax-exempt Essential Housing Revenue Bonds to acquire Theo Apartments, located in Pasadena, California. CCRC Vision It was sold by Sequoia Equities Inc.CCHA is a state agency that was established in 2019. Catalyst Housing Group (Catalyst)/California Community Housing Agency (CalCHA) Middle Income Housing Financing Program Chair Marquez asked Ma'Ayn Johnson, SCAG staff, to introduce Jordan Moss, CEO, Catalyst Housing . October 20, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $157,390,000 in tax-exempt Essential Housing Revenue Bonds to acquire 1818 Platinum Triangle Apartments, located in Anaheim, California. In addition, the Housing Authority administers a total of approximately 1,500 vouchers from other housing authorities under the program of Portability. October 21, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $134,605,000 in tax-exempt Essential Housing Revenue Bonds to acquire Acacia Apartments, located in Santa Rosa, California. PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION, FOR INTERESTED TENANTS, PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION. To speak with a Relationship Manager, please call 818 550-9800. Authority, and the Housing Authority of Santa Barbara have become Additional . The CSCDA Community Improvement Authority (CSCDA CIA), an affiliate joint powers authority, acquires public benefit oriented capital projects through the issuance of tax-exempt governmental purpose bonds. ft. home is a 3 bed, 2.0 bath property. CalCHA partners with Unity Housing and issues $101M to acquire Twin Creeks Apartments in Antioch, CA, CalCHA partners with HCF Development, LLC and issues $127M to acquire K Street Flats in Berkeley, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $152M to acquire Summit at Sausalito in Sausalito, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $135M to acquire The Exchange at Bayfront Apartments in Hercules, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $221M to acquire Fountains at Emerald Park in Dublin, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $94M to acquire Mira Vista Hills in Antioch, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $444M to acquire Glendale Properties in Glendale, CA, CalCHA partners with Catalyst Housing Group, LLC and issues $165M to acquire Creekwood in Hayward, CA, CalCHA partners with HCF Development, LLC and issues $101M to acquire Stoneridge Apartments in Walnut Creek, CA. The 1,798 sq. Award winning La Crescenta schools, premium neighborhood, less than one mile from charming downtown Montrose, and less than half a mile from two different parks makes this home an easy choice. Northern California. The deal is California Communitys second recent acquisition in Glendale. MLS # SB23071382 CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. Please enable JavaScript in your browser for a better user experience. The California Community Housing Agency, a state agency which is also focused on middle-income housing, purchased the property from Cypress Equity Investments.The agency also recently purchased the 205-unit Brio apartments at 546 W. Colorado St. for $110 million from Sequoia Equities Inc.Brentwood-based JRK Property Holdings Inc. acquired the 164-unit Harrison Glendale at 318 W. Wilson Ave. for $90.7 million this year. The City does not fund the Section 8 program. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON PROPERTY. Backed by most of the major retail banks operating in California, we deliver the products, services and technical assistance that have made us the lender of choice of Californias affordable housing development community. The Glendale Housing Authority implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. Workforce housing projects in Glendale and Pasadena funded through Cal Cities-sponsored bond agencys new program, Governance, Transparency, and Labor Relations, Housing, Community, and Economic Development, Transportation, Communications, and Public Works, City Clerks New Law and Elections Seminar, Lesbian Gay Bisexual Transgender Queer (LGBTQ) Caucus. Valley 200 - 2022; Valley 200 Archive; Events. Homeless Waterford Place AnnouncementLINK TO THE PROPERTY. Locally, the two purchased a 216-unit luxury apartment community in Long Beach for $120 million earlier this year.The property, dubbed the Oceanaire, is at 150 W. Ocean Blvd. March 25, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $135,730,000 in tax-exempt Essential Housing Revenue Bonds to acquire Oceanaire Apartments, located in Long Beach, California. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. CalCHA has selected a Program Administrator with more than 30 years of experience in tax-exempt governmental purpose, private activity and municipal finance, including post-issuance compliance requirements. Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. Peter Zovak oversees CDD's Housing Division and the Neighborhood Services Section. (916) 658-8200 Sequoia Equities sold the 205-unit Brio Apartments at 546 W. Colorado St. in Glendale, California, for $110 million, or about $537,000 per unit, to California Community Housing Agency. Government Departments Community Development. State agency acquired 494-unit Next on Lex, which will convert to workforce housing, Cypress Equity's Michael Sorochinsky and the Next on Lex complex (iStock). April 21, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $339,400,000 in tax-exempt Essential Housing Revenue Bonds to acquire Altana Apartments, located in Glendale, California. The California Community Housing Agency (CalCHA)4is the State's first public agency focused exclusively on the production, preservation, and protection of middle-income housing. The City of Glendale is not distributing applications and the City of Glendale is not accepting applications, Mailed applications must be postmarked by 5/14/23, The first 300 age eligible applicants will be entered into a lottery and added to the waitlist. CalCHA is governed by the Kings County Board of Supervisors and requires local government oversight and approval for financings to ensure accountability and transparency. The Glendale Housing Authority has supported the development of numerous affordable housing projects using affordable housing funding, since its inception in 1975. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. California Community Housing Agency ("CalCHA") is a political subdivision of the State of California established by Kings County and the Housing Authority of Kings County, California under the Joint Exercise of Powers Act. 141 N. Glendale Ave.,Ste. CalCHA issues governmental purpose bonds for the purpose of financing projects that provide, preserve and support affordable local housing for low-income, moderate-income and middle-income families and individuals. CSCDA CIA Crescent AnnouncementLINK TO THE PROPERTY. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 State of California Department of Housing and Community Development 2020 W. El Camino Ave., Suite 500 Sacramento, CA 95833 Phone: (916) 263-0256 Email Website Cities City of Alhambra Ms. Jessica Binnquist, Assistant City Manager 111 S. First St. Alhambra, CA 91801-3702 Phone: (626) 570-5011 Fax: (626) 281-2248 City of Anaheim Applications will only be accepted by Glendale Silvercrest Residences. CSCDA CIA Wood Creek AnnouncementLINK TO THE PROPERTY. CCRC will become the premier provider of capital serving the needs of low-income residents and communities. Unfortunately, workforce housing for the missing middle is not eligible for tax credits, private activity bonds or most other federal, state or local government subsidies. Share & Bookmark, Press Enter to show all options, press Tab go to next option, Contact Federal, State, and County Officials, Americans with Disabilities Act (ADA) Resources, Montrose-Verdugo City Chamber of Commerce, Top 10 Reasons You Want Your Business in Glendale, Landlord/Tenant Rights & Responsibilities, Applications must be requested by phone at 818-960-0392 beginning May 1, 2023, Applicants must be 62 years of age and older and income eligible, Applications will be accepted by fax or email. An affordable housing property has been acquired for middle-income residents in the city of Glendale from the issuance of more than $339 million in tax-exempt bonds through the California Statewide Communities Development Authority's (CSCDA) new Workforce Housing Program. The deal is California Community's second recent acquisition in Glendale. CSCDA CIA Park Crossing AnnouncementLINK TO THE PROPERTY. Catalyst Housing was slated to be the manager for both of those properties. Households are enrolled into the program from the Section 8 Waiting List. It is also being converted to middle-income housing for people making 80% to 120% of the areas median income.CSCDA is acquiring these multifamily projects using tax exempt bond financing instead of public subsidies.This program is just being rolled out across California, but were already realizing its benefits since the reduced rent can be put into place immediately. This browser is no longer supported. Glendale Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. The program uses tax-exempt bonds to finance multifamily acquisitions. January 31, 2022 The CSCDA Community Improvement Authority is pleased to announce the issuance of $111,915,000 in tax-exempt Essential Housing Revenue Bonds to acquire The Crescent Apartments, located in West Hollywood, California. Public benefit programs, such as Section 8 housing, arevulnerable to fraud. At least two other recently built properties sold this year to state-funded investors for workforce housing conversions. Ascencia has provided housing and services to over 12,000 homeless individuals and families since 2006. Were excited about what this means for Glendale as it helps provide more diversity to the citys housing stock, John Drachman, co-founder of Waterford Property Co., said in a statement.Eastdil Secureds Joseph Smolen, Geoff Boler and Lee Redmond represented Waterford and CSCDA in the transaction.Its been a hot market for multifamily sales in Glendale where large properties such as Next on Lex, the Brio and the Harrison Glendale have sold this year.Next on Lex is a 494-unit multifamily with 8,000 square feet of ground-floor retail located at 275 W. Lexington Drive. Recognized as a leader in the state in these programs, CCRC has an experienced staff to meet the needs of its investor banks, developers and those communities we serve. The Lists; Real Estate; Health Care; Tech; Finance; Manufacturing; Special Editions. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. F: (916) 658-8240. All Rights Reserved. It was built in 2019 by local developer Century West Partners.The California Community Housing Agency also recently purchased the Brio apartments in Glendale for $110 million.The Brio complex, located at 546 W. Colorado St., has 205 units and was built in 2013. 11150 Santa Monica Boulevard, Suite 350 Numerous updates include refinished hardwood floors throughout, new plumbing, new electrical panel and wiring, new heating and A/C units (dual zone), new ducting, newer roof, new kitchen, new bathrooms, new Pella windows, new insulation, new paint inside and out, new landscaping, and new hardscaping. The property, named the Oceanaire, is located at 150 W. Ocean Blvd.Waterford and the CSCDA plan to convert the complex into middle-income housing, with Waterford serving as the property administrator.Its part of a workforce housing finance program that CSCDA started last year. December 8, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $356,730,000 in tax-exempt Essential Housing Revenue Bonds to acquire Westgate Phase 1 Apartments, located in Pasadena, California. Share & Bookmark, Press Enter to show all options, press Tab go to next option, Contact Federal, State, and County Officials, Americans with Disabilities Act (ADA) Resources, Montrose-Verdugo City Chamber of Commerce, Top 10 Reasons You Want Your Business in Glendale, Differences Between Federal & State Fair Housing Laws, Affordable Housing Commercial Development Impact Fee, Home Occupation Business Permit Requirements, Transportation Demand Management (Chapter 6), Historic Preservation Ordinances, Community Plan Historic Contexts, and Preservation Element.
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