Affordable Housing Commercial Development Impact Fee, Landlord/Tenant Rights & Responsibilities(PDF), Application for Landlord/Tenant Ad-Hoc Committee, Contact Us: CSCDA CIA Park Crossing AnnouncementLINK TO THE PROPERTY. 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 She previously covered real estate for the Los Angeles Business Journal. The Glendale Housing Authority has supported the development of numerous affordable housing projects using affordable housing funding, since its inception in 1975. 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. CalCHA works effectively and efficiently to satisfy the requirements of the government approval process. The Lists; Real Estate; Health Care; Tech; Finance; Manufacturing; Special Editions. 202 Copyright 2023, California Community Housing Agency. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 Waterford Property Co. and the California Statewide Communities Development Authority have purchased a 507-unit luxury multifamily community in Glendale for $300 million. 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. WEBSITE DESIGN BY GRANICUS - Connecting People and Government. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. To report fraud anonymously, contact the Glendale Section 8 Fraud Hotline at (818) 548-6442 orvia email at: section8fraud@glendaleca.gov. 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. CSCDA CIA Westgate Phase 1 AnnouncementLINK TO THE PROPERTY. 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. Catalyst Housing Group will manage Brio and Next on Lex on behalf of the state, according to the report. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. In total, the Housing Authority services over 3,000 vouchers consisting of low income, disabled, or elderly households. Authority, and the Housing Authority of Santa Barbara have become Additional . Peter Zovak Assistant Director of Community Development. CSCDA CIA Millennium South Bay AnnouncementLINK TO THE PROPERTY. Workforce housing (sometimes referred to as middle-income or moderate-income housing) is housing for individuals and families typically earning between 60% and 120% AMI. 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. 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. The Glendale Housing Authority implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. Please enable JavaScript in your browser for a better user experience. Parallel Apartments AnnouncementLINK TO PROPERTY. CalCHA has retained an independent registered municipal advisor. Catalyst and CalCHA Add 1,000+. Fraud hurts everyone. Public agencies have gobbled up residential units in Glendale to create workforce housing. 141 N. Glendale Ave.,Ste. Devine, Paula Glendale District 42 1. The adjacent lot, included in the sale, provides plenty of flat land to expand the yard, install a pool, or perhaps build another home. 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. Suspiciousactivity can be reported to our office for investigation. Please switch to a supported browser or download one of our Mobile Apps. Cypress Equity Investments sold the 494-unit Next on Lex complex in Glendale for $290 million, according to the Los Angeles Business Journal. 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. The property is 92 percent leased. Sacramento, CA 95814, P: Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON 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. (916) 658-8200 Catalyst Housing was slated to be the manager for both of those properties. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. She previously covered real estate for the Los Angeles Business Journal. 1818 Apartments AnnouncementLINK TO THE PROPERTY. To speak with a Relationship Manager, please call 818 550-9800. 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. Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. 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. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. Soua Vang Deputy Directory of Community Development/Economic Development. Affordable housing is typically financed with tax-exempt private activity bonds and low-income housing tax credits, but these subsidies are limited to projects that restrict units for residents earning less than 60% of the area median income (AMI) (in certain cases up to 80% AMI). 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. Proposals may be addressed to CalCHA, care of any of the Program Administrators listed on CalCHAsContact Uspage. 8:00 AM to 5:00 PM, WEBSITE DESIGN BY GRANICUS - Connecting People and Government. The Waiting List has been closed sinceJanuary 2001 and no new applications have been taken. LARKSPUR, Calif., April 1, 2021 Catalyst Housing Group is expanding its transformative middle-income Essential Housing model across the state, with the acquisition of two multifamily housing communities in Southern California and its fifth property in Northern California. MLS # SB23071382 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. CSCDA CIA Monterey Station AnnouncementLINK TO THE PROPERTY. This browser is no longer supported. The deal is California Communitys second recent acquisition in Glendale. 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. The City actively pursues allegations of fraud. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. 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. Union South Bay AnnouncementLINK TO PROPERTY. Since its inception, CSCDA has financed the construction or preservation of nearly 100,000 affordable units throughout 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. DO NOT release personal financial information to strangers promising to provide Section 8. 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. Los Angeles, CA 90025 CTR City Anaheim AnnouncementLINK TO PROPERTY, December 22, 2020 The CSCDA Community Improvement Authority is pleased to announce the issuance of $70,675,000 in tax-exempt Essential Housing Revenue Bonds to acquire the Renaissance at City Center Apartments, located in Carson, California.Renaissance Carson AnnouncementLINK TO PROPERTY, Filling the Missing Middle in LAs Housing Market is Focus of New Government Program (KCRW), Anaheim Will Cut Rents on More than 1,000 Middle Income Apartments (Orange County Register), California Bond Program Helps Cities Secure Middle Income Housing Without Upfront Cost (Next City), Anaheim Introduces New Approach to Creating Affordable Housing (Fox 11 Good Day LA), Proyecto en Anaheim busca reducir el alquiler de m? Please enable JavaScript in your browser for a better user experience. 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. 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. Ascencia has provided housing and services to over 12,000 homeless individuals and families since 2006. View more property details, sales history and Zestimate data on Zillow. Government Departments Community Development Housing. CCRC will become the premier provider of capital serving the needs of low-income residents and communities. The 1,798 sq. CalCHA is governed by the Kings County Board of Supervisors and requires local government oversight and approval for financings to ensure accountability and transparency. All Rights Reserved. CSCDA CIA Crescent AnnouncementLINK TO THE PROPERTY. 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. CSCDA CIA Wood Creek AnnouncementLINK TO THE PROPERTY. Jefferson Apartments AnnouncementLINK TO 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. February 26, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $195,965,000 in tax-exempt Essential Housing Revenue Bonds to acquire Jefferson Platinum Triangle Apartments, located in Anaheim, California. Homeless She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS. All Rights Reserved. Entertaining in the back yard is easy with large patios, privacy and of course gorgeous views. DO NOT pay money in exchange for the promise of Section 8 assistance. Public benefit programs, such as Section 8 housing, arevulnerable to fraud. 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. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. 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. 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. California Los Angeles County Glendale Glendale Real Estate Facts Home Values By City Glendale Homes for Sale $1,077,985 Los Angeles Homes for Sale $901,291 Pasadena Homes for Sale $1,066,851 East Los Angeles Homes for Sale $623,218 Burbank Homes for Sale $1,093,195 Alhambra Homes for Sale $847,364 Arcadia Homes for Sale $1,254,855 CCRC Vision 1400 K Street, Suite 400 The two downstairs bedrooms each have their own attached bathroom, exterior entrances, and wet bar, providing flexibility with these spaces. At least two other recently built properties sold this year to state-funded investors for workforce housing conversions. 2022 Events; Event Recaps; Past Events; Custom Content. 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 . 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. This program benefits essential workers such as teachers, police officers, firefighters and others who are important to the fabric of a community, yet many times cant afford to live in the very cities they serve.Waterford will serve as the buildings property administrator, and current tenants with expiring leases who meet the income requirements will be able to participate in the program. The Section 8 Housing Choice Voucher program is a federal program funded and administered by the Department of Housing and Urban Development (HUD). Founded in 1989 with support from the Federal Reserve Bank of San Francisco and major banks throughout California, CCRC is Californias premier multifamily affordable housing lender; responding to Californias statewide affordable housing crisis is our business. December 14, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $113,950,000 in tax-exempt Essential Housing Revenue Bonds to acquire Park Crossing Apartments, located in Fairfield, California. CCRC has worked with for-profit and non-profit developers throughout California to increase the supply of affordable housing. The Link AnnouncementLINK TO THE PROPERTY. 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. 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. The program uses tax-exempt bonds to finance multifamily acquisitions. 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. (818) 548-3936. These housing projects have provided new affordable rental housing for seniors, families, and . Don't be a victim of scammers. Los Angeles, CA 90025 The. 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. 100 West Broadway, Suite 1000, Glendale, CA 91210 Tel:818.550.9800 Fax:818.550.9806 www.e-ccrc.org. Glendale Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. 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. October 26, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $89,430,000 in tax-exempt Essential Housing Revenue Bonds to acquire Vineyard Gardens Apartments, located in Santa Rosa, California. PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION Waterford Place AnnouncementLINK TO THE PROPERTY. K. 1 Dixon, Diane Newport Beach District 15 0 Espinoza, Rose La Habra OCCOG 1 1 September 21, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $240,010,000 in tax-exempt Essential Housing Revenue Bonds to acquire Cameo Apartments and The Garrison Apartments, both located in Orange, California. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. Working as a team, we can remove ineligibleindividuals from receiving government assistancefraudulently.
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