CSCDA CIA Crescent AnnouncementLINK TO THE PROPERTY. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. Applications will only be accepted by Glendale Silvercrest Residences. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Workforce housing project in Glendale funded through Cal Cities It weakens the public trust and confidence, and prevents the HousingAuthority from assisting eligible families. CCRC will improve outcomes for low-income families, seniors and residents with special needs throughout California by facilitating private capital flow from our investors using a housing first model. 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. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. December 1, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $188,160,000 in tax-exempt Essential Housing Revenue Bonds to acquire Millennium South Bay Apartments, located in Hawthorne, California. 202 Glendale, CA 91206 Tel. Sequoia Equities Sells Brio Apartments in Glendale - CoStar CSCDA CIA Vineyard Gardens AnnouncementLINK TO THE PROPERTY. December 29, 2020 The CSCDA Community Improvement Authority is pleased to announce the issuance of $116,825,000 in tax-exempt Essential Housing Revenue Bonds to acquire the CTR City Apartments, located in Anaheim, California. November 30, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $207,415,000 in tax-exempt Essential Housing Revenue Bonds to acquire 777 Place Apartments, located in Pomona, California. Workforce housing project in Glendale 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. Cypress Equity Sells Glendale Apartments For $300M - The Real Deal Los Providing this access to capital allows individuals to live, work and raise their families in communities throughout California, creating a more economically diverse and stable statewide economy. Glendale, CA 91206 Sitting between the living room and the fully updated kitchen is the formal dining room with a view and passthroughs opening up the space. Workforce housing properties were acquired by the cities of Glendale and Pasadena from the issuance of more than $481.5 million in tax-exempt Essential Housing Revenue Bonds through the California Statewide Communities Development Authority's (CSCDA) new Workforce Housing Program. (916) 658-8200 Catalyst and CalCHA Add 1,000+. The projects will be converted to rent-restricted units for low and middle-income tenants. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Connecticut private island sells for $3.5M. CalCHA is represented by and will rely on its municipal advisor GPM Municipal Advisors, LLC ("GPM") to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. Catalyst and CalCHA Add 1,000+ Units of Essential HousingWorth >$525MM State leaders, as well as individual cities and counties have also recognized a serious shortage of workforce housing for those that have been termed the missing middle, individuals and families that earn too much to qualify for traditional affordable housing, but not enough to afford market rate rents in the communities where they work. 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 transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), . Imagine waking up every day to a gorgeous mountain and city view to downtown LA from your master bedroom with a walk-in closet and remodeled bath with a skylight in the shower. CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. Homeless 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. 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. 1818 Apartments AnnouncementLINK TO THE PROPERTY. To report fraud anonymously, contact the Glendale Section 8 Fraud Hotline at (818) 548-6442 orvia email at: section8fraud@glendaleca.gov. From the guest chefs who prepare and serve hot meals . This certificate may be relied upon until July 1, 2025. DO NOT believe that Section 8 assistance can be purchased on the street from strangers. To speak with a Relationship Manager, please call 818 550-9800. The deal is California Community's second recent acquisition in Glendale. 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 The program uses tax-exempt bonds to finance multifamily acquisitions. 1400 K Street, Suite 400 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. 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. California Department of Housing and Community Development | California CSCDA CIA Wood Creek AnnouncementLINK TO THE PROPERTY. Catalyst Housing Group, California Community Housing Agency, CalCHA, Northern California, Southern California, Glendale, Santa Rosa, Livermore, Hayward, Larkspur . CSCDA CIA operates the largest workforce housing program in California and has acquired and converted more than 7,700 units for low- and middle-income tenants. Government Departments Community Development. The 1,798 sq. CSCDA CIA Theo AnnouncementLINK TO THE PROPERTY. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. Waterford Property Co. and the California Statewide Communities Development Authority have purchased a 507-unit luxury multifamily community in Glendale for $300 million.The new owners plan to convert the property at 633 N. Central Ave. into middle-income housing for tenants making between 80% and 120% of the areas median income.Were providing a housing solution for California cities, Sean Rawson, co-founder of Waterford Property Co., said in a statement. There is extra living space upstairs including a family room and a bonus room. (916) 658-8200 These properties are then converted to income and rent-restricted units for moderate/middle income households, which are generally households earning 80% to 120% of AMI. We specialize in programs for families, seniors, citizens with special needs and mixed-use developments. 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. Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. We provide immediately funded loan programs for acquisition; intermediate programs that provide acquisition, rehabilitation and permanent financing for existing housing stock in need of repair; and forward commitment programs for planned new construction. These projects continue to be very successful both in terms of design and operations. 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 . Northern California. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. Catalyst and CalCHA Add 1,000+ Units of Essential Housing, Expand to Since inception, CCRC has approved over $1.5 billion in loans for affordable housing, financing more than 42,000 rental homes for individuals and families earning 60% or less of the area median income. K. 1 Dixon, Diane Newport Beach District 15 0 Espinoza, Rose La Habra OCCOG 1 1 Valley 200 - 2022; Valley 200 Archive; Events. The City does not fund the Section 8 program. Sacramento, CA 95814, P: Los Angeles, CA 90025 The type of housing is meant to fill a gap between high-priced market-rate homes and government subsidized low-income properties. 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. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. The state-funded California Community Housing Agency was established two years ago; in April, just before closing this deal, the agency also bought another apartment complex property in Glendale. 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. The California Community Housing Agency ("CalCHA") is a joint powers authority created in January 2019 to provide, preserve, protect and support middle-income housing production . Suspiciousactivity can be reported to our office for investigation. Waterford Property Co. and the California Statewide Communities Development Authority have purchased a 507-unit luxury multifamily community in Glendale for $300 million. Affordable Housing Development | City of Glendale, CA She previously covered real estate for the Los Angeles Business Journal. Soua Vang Deputy Directory of Community Development/Economic Development. December 28, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $202,120,000 in tax-exempt Essential Housing Revenue Bonds to acquire Rowan Apartments, Haven 76 Apartments and Alcove Apartments, located in Escondido, California. CSCDA CIA Park Crossing AnnouncementLINK TO THE PROPERTY. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. There are views from almost every room of the house including the oversized formal living room featuring a beautiful fireplace and a set of 15 windows wrapped around one corner. Westgate and The Hudson AnnouncementLINK TO WESTGATE PROPERTYLINK TO THE HUDSON PROPERTY. Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. Catalyst Housing was slated to be the manager for both of those properties. All Rights Reserved. In total, the Housing Authority services over 3,000 vouchers consisting of low income, disabled, or elderly households. Welcome to the Housing Division. | City of Glendale, CA The property is 92 percent leased. 11150 Santa Monica Boulevard, Suite 350 Government Departments Community Development Housing. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 Glendale, CA 91206. Housing Section 8 Program | City of Glendale, CA August 31, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $235,000,000 in tax-exempt Essential Housing Revenue Bonds to acquire Waterford Place Apartments, located in Dublin, California. Workforce housing projects in Glendale and Pasadena funded through Cal Glendale has seen interest from other property owners as well.Brentwood-based JRK Property Holdings Inc. acquired Harrison Glendale, a 164-unit luxury apartment complex, for $90.7 million, earlier this year.The complex is located at 318 W. Wilson Ave., one block from the Glendale Galleria and The Americana at Brand shopping centers.The Harrison was 96% leased at closing. ft. home is a 3 bed, 2.0 bath property. PDF Agenda - Tuesday, May 10, 2022 - Palo Alto, California December 9, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $175,260,000 in tax-exempt Essential Housing Revenue Bonds to acquire Monterey Station Apartments, located in Pomona, California. 427 Coutin Ln, Glendale, CA 91206 | MLS #SB23071382 | Zillow 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. September 14, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $84,275,000 in tax-exempt Essential Housing Revenue Bonds to acquire Waterscape Apartments, located in Fairfield, California. June 16, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $95,545,000 in tax-exempt Essential Housing Revenue Bonds to acquire The Link Apartments, located in Glendale, California. If you are approached by someone promising Section 8 assistance in any way in exchange for money, you are to ignore the request and report the activity to the Glendale Section 8 Fraud Hotline (818) 548-6442 or via email at section8fraud@glendaleca.gov. Californias housing crisis remains critical and the State continues to experience a significant shortage of available affordable housing units. Ascencia | Lifting People Out of Homelessness Fraud hurts everyone. /PRNewswire/ -- Catalyst Housing Group is expanding its transformative middle-income Essential Housing model across the state, with the acquisition of two. California Community Housing Agency Senior Essential Housing Revenue Bonds, Series 2021A-1 (Glendale Properties), Junior Essential Housing Revenue Bonds, Series 2021A-2 (Glendale Properties) and Subordinate Essential Housing Revenue Bonds, Series 2021B (Glendale Properties) Dated as of March 1, 2021 CSCDA CIA Millennium South Bay AnnouncementLINK TO THE PROPERTY. The California Community Housing Agency also recently purchased the Brio apartments in Glendale for $110 million. Annual rent increases are capped at no more than 4%, which is significantly less than the rent limits under AB1482, the recently adopted State tenant protection legislation. Devine, Paula Glendale District 42 1. CSCDA CIA Escondido Portfolio AnnouncementLINK TO ROWANLINK TO HAVEN 76LINK TO ALCOVE. California Community was established in 2019, and over the last few years has pushed for the development of workforce housing, or housing roughly priced for households with incomes around the median income for the area. To speak with a Relationship Manager, please call 818 550-9800. April 13, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $117,955,000 in tax-exempt Essential Housing Revenue Bonds to acquire MODA at Monrovia Station Apartments, located in Monrovia, California. Another apartment complex has been acquired that will be converted into workforce housing. The Link AnnouncementLINK TO THE PROPERTY. About CCRC | CCRC She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), will permanently transition the currently market-rate properties into rent-restricted housing . Catalyst and CalCHA Acquire Two Additional Essential Housing Communities WEBSITE DESIGN BY GRANICUS - Connecting People and Government. All Rights Reserved. In addition, the Housing Authority administers a total of approximately 1,500 vouchers from other housing authorities under the program of Portability. Catalyst Housing Group acts as an asset manager for the agency.The Next on Lex and Brio acquisitions represent Catalysts expansion into Southern California. Next on Lex Glendale, CA 494 Units. The Brio complex, located at 546 W. Colorado St., has 205 units and was. CareRev Raises $50 Million to Expand App for Health Care Workers. The. Section 8 is a FREE federal program and it is illegal to sell vouchers. Waterford Place AnnouncementLINK TO THE PROPERTY. CSCDA CIA Acacia AnnouncementLINK TO THE PROPERTY. 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 City does not fund the Section 8 program. 3200 Menlo Dr, Glendale, CA 91208 | MLS #PF23071435 | Zillow Additionally, no existing tenants are displaced under the program. Please enable JavaScript in your browser for a better user experience. Sacramento, CA 95814, P: Authority, and the Housing Authority of Santa Barbara have become Additional . 2022 Events; Event Recaps; Past Events; Custom Content. Glendale's Multifamily Moment - San Fernando Valley Business Journal Glendale Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. February 9, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $181,010,000 in tax-exempt Essential Housing Revenue Bonds to acquire Parallel Apartments, located in Anaheim, California. Remembering Eli Broads Legacy of Building and Giving, California Broadens Data Privacy Protections. 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. 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. Never pay money for affordable housing programs. 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. 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. Households are enrolled into the program from the Section 8 Waiting List. 633 E. Broadway, Room 201 . Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON PROPERTY. December 28, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $395,150,000 in tax-exempt Essential Housing Revenue Bonds to acquire Wood Creek Apartments, located in Pleasant Hill, California. At least two other recently built properties sold this year to state-funded investors for workforce housing conversions. Our Access Center located at 1851 Tyburn Street in Glendale, California is the heart of our organization. F: (916) 658-8240. 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. Please switch to a supported browser or download one of our Mobile Apps. California Investments Save More Than 700 Affordable Homes from Losing Affordability Restrictions To ensure availability of affordable housing for lower-income Californians priced out of the rental market, the Department of Housing and Community Development (HCD) today announced the first of several awards from the new Portfolio Reinvestment FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS. CalCHA works effectively and efficiently to satisfy the requirements of the government approval process. PDF Community, Economic and Human Development Committee June 3, 2021 Please enable JavaScript in your browser for a better user experience. Public agencies have gobbled up residential units in Glendale to create workforce housing. CDD Administration | City of Glendale, CA - Glendale, California 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. 8:00 AM to 5:00 PM, WEBSITE DESIGN BY GRANICUS - Connecting People and Government. Glendale Apartment Complex Sells for $300 Million
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