CSCDA CIA Escondido Portfolio AnnouncementLINK TO ROWANLINK TO HAVEN 76LINK TO ALCOVE. Remembering Eli Broads Legacy of Building and Giving, California Broadens Data Privacy Protections. 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. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 Phone: 818.548.3936, Counter Hours: 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. The projects will be converted to rent-restricted units for low and middle-income tenants. 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 Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. 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 two downstairs bedrooms each have their own attached bathroom, exterior entrances, and wet bar, providing flexibility with these spaces. 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. ft. home is a 3 bed, 2.0 bath property. 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. 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. Parallel Apartments AnnouncementLINK TO PROPERTY. 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. 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. 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. Valley 200 - 2022; Valley 200 Archive; Events. 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. 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 Brio complex, located at 546 W. Colorado St., has 205 units and was. Catalyst is focused on affordably and sustainably housing our essential middle-income workforce, Jordan Moss, founder of Catalyst Housing Group, said in a statement.He added that the acquisitions would provide residents with rent-restricted housing and protect people from being displaced.We are excited to take this step and increase housing opportunities for middle-income households. The Glendale Housing Authority has supported the development of numerous affordable housing projects using affordable housing funding, since its inception in 1975. 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. 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. California Community Housing Agency CalCHA partners with Catalyst Housing Group, LLC and issues $444M to acquire Glendale Properties in Glendale, CA Mar 31, 2021 Back Home Contact Us Privacy Policy Terms of Service Copyright 2023, California Community Housing Agency. 11150 Santa Monica Boulevard, Suite 350 Government Departments Community Development Housing. 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. (818) 548-3936. Westgate and The Hudson AnnouncementLINK TO WESTGATE PROPERTYLINK TO THE HUDSON PROPERTY. CalCHA works effectively and efficiently to satisfy the requirements of the government approval process. Catalyst Housing was slated to be the manager for both of those properties. (916) 658-8200 There is extra living space upstairs including a family room and a bonus room. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. The deal is California Communitys second recent acquisition in Glendale. Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON PROPERTY. 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. Californias housing crisis remains critical and the State continues to experience a significant shortage of available affordable housing units. 100 West Broadway, Suite 1000, Glendale, CA 91210 Tel:818.550.9800 Fax:818.550.9806 www.e-ccrc.org. 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 receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. We specialize in programs for families, seniors, citizens with special needs and mixed-use developments. 141 N. Glendale Ave.,Ste. 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). 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. 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. CSCDA CIA Vineyard Gardens AnnouncementLINK TO THE PROPERTY. Catalyst Housing Group will manage Brio and Next on Lex on behalf of the state, according to the report. 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. Households are enrolled into the program from the Section8 Waiting List. Section 8 is a FREE federal program and it is illegal to sell vouchers. 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. 427 Coutin Ln , Glendale, CA 91206-3104 is a single-family home listed for-sale at $1,599,000. Next on Lex, a 494-unit multifamily property in Glendale, has sold for $290 million.The site also includes roughly 8,000 square feet of ground-floor retail.The California Community Housing Agency purchased the property at 275 W. Lexington Drive from Cypress Equity Investments.Neither company responded to requests for comment.The property was 92% leased at the time of the off-market sale, according to CoStar Group Inc. 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. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. Another apartment complex has been acquired that will be converted into workforce housing. From the guest chefs who prepare and serve hot meals . 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. 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. 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. 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. 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. 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. The deal is California Community's second recent acquisition in Glendale. This browser is no longer supported. The agency bought the 205-unit Brio complex from Sequoia Equities earlier this month. The adjacent lot, included in the sale, provides plenty of flat land to expand the yard, install a pool, or perhaps build another home. 202 Glendale, CA 91206 Tel. Please review the following highlights about the opening. 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. Please enable JavaScript in your browser for a better user experience. Sitting between the living room and the fully updated kitchen is the formal dining room with a view and passthroughs opening up the space. Our soul is the thousands of volunteers, donors, and sponsors that enable our work. 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 City does not fund the Section 8 program. The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), will permanently transition the currently market-rate properties into rent-restricted housing . Nominations; Custom Publishing; /PRNewswire/ -- Catalyst Housing Group is expanding its transformative middle-income Essential Housing model across the state, with the acquisition of two. 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. 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. Homeless Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. Public benefit programs, such as Section 8 housing, arevulnerable to fraud. Since its inception, CSCDA has financed the construction or preservation of nearly 100,000 affordable units throughout California. 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? 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. Suspiciousactivity can be reported to our office for investigation. All Rights Reserved. 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 Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. The Link AnnouncementLINK TO THE PROPERTY. Glendale, CA 205 units . Glendale, CA 91206. Public agencies have gobbled up residential units in Glendale to create workforce housing. Sacramento, CA 95814, P: 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 . 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. DO NOT believe that Section 8 assistance can be purchased on the street from strangers. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. CCRC Vision 1400 K Street, Suite 400 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. 141 N. Glendale Ave., Ste. Households are enrolled into the program from the Section 8 Waiting List. Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. These housing projects have provided new affordable rental housing for seniors, families, and . FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS.

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