CCRC will become the premier provider of capital serving the needs of low-income residents and communities. Catalyst and CalCHA Add 1,000+ Units of Essential Housing, Expand to F: (916) 658-8240. 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. Housing Authority/CDBG | City of Glendora 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 project will assure available housing for those that earn too much to qualify for traditional affordable housing, but cannot afford to live where they work. 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. Meet Glendale's Section 8Landlords and Tenants, Meet Section 8 Landlords From Around the Country. Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. Section 8 is a FREE federal program and it is illegal to sell vouchers. Phone: 818.548.3936, Counter Hours: F: (916) 658-8240. CSCDA CIA Monterey Station AnnouncementLINK TO THE PROPERTY. PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION, FOR INTERESTED TENANTS, PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION. Proposals may be addressed to CalCHA, care of any of the Program Administrators listed on CalCHAsContact Uspage. Next on Lex Glendale, CA 494 Units. Another apartment complex has been acquired that will be converted into workforce housing. 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. CalCHA works effectively and efficiently to satisfy the requirements of the government approval process. CSCDA CIA Millennium South Bay 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. Los Angeles, CA 90025 CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. Northern California. 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. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. 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. 141 N. Glendale Ave.,Ste. Peter Zovak Assistant Director of Community Development. 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). 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 authority also provided bonds to Opportunity Housing Group to purchase the 161-unit Moda at Monrovia Station complex from Griffin Capital and Legacy Partners. 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. By publicly posting the following written disclosure, the California Community Housing Agency ("CalCHA") intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. 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 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. CareRev Raises $50 Million to Expand App for Health Care Workers. Homeless The Lists; Real Estate; Health Care; Tech; Finance; Manufacturing; Special Editions. Working as a team, we can remove ineligibleindividuals from receiving government assistancefraudulently. All proposals received will be shared with CalCHA's municipal advisor. 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 . 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. Since its inception, CSCDA has financed the construction or preservation of nearly 100,000 affordable units throughout California. 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. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. 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. CCRC has worked with for-profit and non-profit developers throughout California to increase the supply of affordable housing. 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. (818) 548-3936. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. Peter Zovak oversees CDD's Housing Division and the Neighborhood Services Section. ?s de 1,000 apartamentos de clase media (Univision), City Council Approves Agreement To Rapidly Create 1,000+ Affordable Housing Units (Anaheim Independent), Standard Communities Converts Carson Apartments to Workforce Housing (Los Angeles Business Journal), Anaheim Multifamily to House Teachers, Essential Workers (Connect California), PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION, The CSCDA Community Improvement Authority is pleased to announce the issuance of $135,730,000 in tax-exempt Essential Housing Revenue Bonds to acquire, CSCDA CIA Joint Exercise of Powers Agreement, CSCDA CIA Escondido Portfolio Announcement, CSCDA CIA Millennium South Bay Announcement, Reduced Rent for Middle Income Workers (ABC10 News San Diego), Pasadenas Missing Middle is Getting a Rent Break at these Two Projects (Pasadena Star News), Acquisition Funding to Create Moderate Income Housing (Housing Innovation Collaborative). This funding was approved by the United States Congress in 2021 as part of the American Rescue Plan Act of 2021 to address the need for homelessness assistance and supportive services for the following Qualifying Populations (QPs): 1. DO NOT pay money in exchange for the promise of Section 8 assistance. There is extra living space upstairs including a family room and a bonus room. Nominations; Custom Publishing; California Department of Housing and Community Development | California Catalyst Housing was slated to be the manager for both of those properties. 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. Entertaining in the back yard is easy with large patios, privacy and of course gorgeous views. Housing Section 8 Program | City of Glendale, CA 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. We specialize in programs for families, seniors, citizens with special needs and mixed-use developments. 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. Our Access Center located at 1851 Tyburn Street in Glendale, California is the heart of our organization. Additionally, no existing tenants are displaced under the program. 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. Please enable JavaScript in your browser for a better user experience. 427 Coutin Ln, Glendale, CA 91206 | MLS #SB23071382 | Zillow This certificate may be relied upon until July 1, 2025. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. Glendale Multifamily Property Sells for $290 Million The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. 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. 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. The Brio complex, located at 546 W. Colorado St., has 205 units and was. 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. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. The 1,798 sq. Californias housing crisis remains critical and the State continues to experience a significant shortage of available affordable housing units. Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. About CCRC | CCRC The deal is California Community's second recent acquisition in Glendale. To speak with a Relationship Manager, please call 818 550-9800. ft. home is a 3 bed, 2.0 bath property. Our soul is the thousands of volunteers, donors, and sponsors that enable our work. 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. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. DO NOT release personal financial information to strangers promising to provide Section 8. June 15, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $385,985,000 in tax-exempt Essential Housing Revenue Bonds to acquire Westgate Apartments and The Hudson Apartments, both located in Pasadena, California. Catalyst and CalCHA Acquire Two Additional Essential Housing Communities The Section 8 Housing Choice Voucher program is a federal program funded and administered by the Department of Housing and Urban Development (HUD). 1400 K Street, Suite 400 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. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. 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. To report fraud anonymously, contact the Glendale Section 8 Fraud Hotline at (818) 548-6442 orvia email at: section8fraud@glendaleca.gov. Jefferson Apartments AnnouncementLINK TO PROPERTY. MLS # SB23071382 View more property details, sales history and Zestimate data on Zillow. 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 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). Catalyst, CalCHA Buy 3 California Properties for $525M She previously covered real estate for the Los Angeles Business Journal. 8:00 AM to 5:00 PM, WEBSITE DESIGN BY GRANICUS - Connecting People and Government. Monday - Friday Affordable Housing Commercial Development Impact Fee, Landlord/Tenant Rights & Responsibilities(PDF), Application for Landlord/Tenant Ad-Hoc Committee, Contact Us: 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. Article | California Community Housing Agency - CalCHA 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. Public agencies have gobbled up residential units in Glendale to create workforce housing. CCRC Mission 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. WEBSITE DESIGN BY GRANICUS - Connecting People and Government. 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. 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. 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. PDF Agenda - Tuesday, May 10, 2022 - Palo Alto, California Devine, Paula Glendale District 42 1. 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. Sacramento, CA 95814, P: 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. 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. The Glendale Housing Authority implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. The program uses tax-exempt bonds to finance multifamily acquisitions. These projects continue to be very successful both in terms of design and operations. CalCHA is governed by the Kings County Board of Supervisors and requires local government oversight and approval for financings to ensure accountability and transparency. Catalyst and CalCHA Add 1,000+. The California Community Housing Agency also recently purchased the Brio apartments in Glendale for $110 million. PDF Viewing Instructions - cdiacdocs.sto.ca.gov Union South Bay AnnouncementLINK TO PROPERTY. 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. 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. 3200 Menlo Dr, Glendale, CA 91208 | MLS #PF23071435 | Zillow CSCDA CIA Crescent AnnouncementLINK TO THE PROPERTY. CSCDA CIA Westgate Phase 1 AnnouncementLINK TO THE PROPERTY. 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. Sitting between the living room and the fully updated kitchen is the formal dining room with a view and passthroughs opening up the space. The property is 92 percent leased. Please review the following highlights about the opening. The type of housing is meant to fill a gap between high-priced market-rate homes and government subsidized low-income properties. Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. 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. The agency bought the 205-unit Brio complex from Sequoia Equities earlier this month. All Rights Reserved. California Community Housing Agency - CalCHA CalCHA has retained an independent registered municipal advisor. 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. 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. Parallel Apartments AnnouncementLINK TO PROPERTY. 100 West Broadway, Suite 1000, Glendale, CA 91210 Tel:818.550.9800 Fax:818.550.9806 www.e-ccrc.org. 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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