The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), . HOME Contacts: California - Affordable Housing - CPD What's New | California Community Housing Agency - CalCHA The Link AnnouncementLINK TO THE PROPERTY. CalCHA has retained an independent registered municipal advisor. 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. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. All Rights Reserved. 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. Section 8 is a FREE federal program and it is illegal to sell vouchers. Please enable JavaScript in your browser for a better user experience. Public agencies have gobbled up residential units in Glendale to create workforce housing. Workforce Housing Program - CSCDA 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Please enable JavaScript in your browser for a better user experience. CSCDA CIA Vineyard Gardens AnnouncementLINK TO THE PROPERTY. Our soul is the thousands of volunteers, donors, and sponsors that enable our work. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. 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. Working as a team, we can remove ineligibleindividuals from receiving government assistancefraudulently. 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. The City does not fund the Section 8 program. Waterford Place AnnouncementLINK TO THE PROPERTY. 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. This browser is no longer supported. Catalyst and CalCHA Add 1,000+ Units of Essential Housing Worth >$525MM Sacramento, CA 95814, P: June 9, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $215,685,000 in tax-exempt Essential Housing Revenue Bonds to acquire Union South Bay Apartments, located in Carson, California. Remembering Eli Broads Legacy of Building and Giving, California Broadens Data Privacy Protections. Housing Authority/CDBG | City of Glendora Home I Want To Apply for Alarm Permit Building Permit Business License Child Safety Seat Inspection City Commission City Job Library Card Library Display Cases Library Meeting Room Marriage License Annual Early Morning Parking Permit Pet License Volunteer Jobs at the Library Water Conservation Rebates 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. 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. DO NOT release personal financial information to strangers promising to provide Section 8. Devine, Paula Glendale District 42 1. Valley 200 - 2022; Valley 200 Archive; Events. 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. 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. California Community Housing Agency - CalCHA 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. 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. Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. 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. 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 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. 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. CalCHA works effectively and efficiently to satisfy the requirements of the government approval process. From the guest chefs who prepare and serve hot meals . CSCDA CIA Wood Creek AnnouncementLINK TO THE PROPERTY. CSCDA CIA Theo AnnouncementLINK TO THE PROPERTY. Soua Vang Deputy Directory of Community Development/Economic Development. She previously covered real estate for the Los Angeles Business Journal. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. 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. 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. 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. 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. All Rights Reserved. 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. /PRNewswire/ -- Catalyst Housing Group is expanding its transformative middle-income Essential Housing model across the state, with the acquisition of two. 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. The City actively pursues allegations of fraud. Los Angeles, CA 90025 CSCDA CIA 777 Place AnnouncementLINK TO THE PROPERTY. 202 Glendale, CA 91206 Tel. 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. Catalyst and CalCHA Add 1,000+. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. 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 implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. Homeless The two downstairs bedrooms each have their own attached bathroom, exterior entrances, and wet bar, providing flexibility with these spaces. 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. The Waiting List has been closed sinceJanuary 2001 and no new applications have been taken. Peter Zovak Assistant Director of Community Development. Glendale, CA 205 units . Catalyst and CalCHA Add 1,000+ Units of Essential Housing, Expand to There is extra living space upstairs including a family room and a bonus room. The Lists; Real Estate; Health Care; Tech; Finance; Manufacturing; Special Editions. Another apartment complex has been acquired that will be converted into workforce housing. 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. The program uses tax-exempt bonds to finance multifamily acquisitions. 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. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. 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. 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. 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. Catalyst Housing Group acts as an asset manager for the agency.The Next on Lex and Brio acquisitions represent Catalysts expansion into Southern California. Ascencia has provided housing and services to over 12,000 homeless individuals and families since 2006. 1818 Apartments AnnouncementLINK TO THE PROPERTY. Sacramento, CA 95814, P: Households are enrolled into the program from the Section 8 Waiting List. 3200 Menlo Dr, Glendale, CA 91208 | MLS #PF23071435 | Zillow 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. Northern California. Catalyst and CalCHA Acquire Two Additional Essential Housing Communities 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. FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS. California Department of Housing and Community Development | California The agency bought the 205-unit Brio complex from Sequoia Equities earlier this month. (818) 548-3936. 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. Adjacent Vacant Lot with usable flat land included, Huge Views, Extensively remodeled 1920s craftsmen in one of the best neighborhoods in Glendale, Montectio Park. 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. CSCDA CIA Westgate Phase 1 AnnouncementLINK TO THE PROPERTY. Catalyst Housing Group will manage Brio and Next on Lex on behalf of the state, according to the report. Glendale Multifamily Property Sells for $290 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. 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 . 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 . Affordable Housing Development | City of Glendale, CA DO NOT believe that Section 8 assistance can be purchased on the street from strangers. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. 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). 11150 Santa Monica Boulevard, Suite 350 Californias housing crisis remains critical and the State continues to experience a significant shortage of available affordable housing units. Applications will only be accepted by Glendale Silvercrest Residences. Glendale Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. Our Access Center located at 1851 Tyburn Street in Glendale, California is the heart of our organization. Workforce housing project in Glendale funded through Cal Cities 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 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. 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. 11150 Santa Monica Boulevard, Suite 350 Cypress Equity Investments sold the 494-unit Next on Lex complex in Glendale for $290 million, according to the Los Angeles Business Journal. Cypress Equity Sells Glendale Apartments For $300M - The Real Deal Los View more property details, sales history and Zestimate data on Zillow. F: (916) 658-8240. All proposals received will be shared with CalCHA's municipal advisor. Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. In addition to multifamily units, it has a central courtyard with a pool, park and barbecue area; a two-story fitness center, yoga studio; club room; and dog run. 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. The City does not fund the Section 8 program. Monday - Friday 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. 1400 K Street, Suite 400 Westgate and The Hudson AnnouncementLINK TO WESTGATE PROPERTYLINK TO THE HUDSON PROPERTY. 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. Proposals may be addressed to CalCHA, care of any of the Program Administrators listed on CalCHAsContact Uspage. 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. Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. 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. Catalyst Housing was slated to be the manager for both of those properties. Housing Authority/CDBG | City of Glendora Phone: 818.548.3936, Counter Hours: It weakens the public trust and confidence, and prevents the HousingAuthority from assisting eligible families. CSCDA CIA Park Crossing AnnouncementLINK TO THE PROPERTY. The 1,798 sq. CalCHA remits excess project cash flows and provides a purchase option to the local agency prior to bond termination. About CCRC | CCRC These projects continue to be very successful both in terms of design and operations. Suspiciousactivity can be reported to our office for investigation. "Workforce housing" projects dominate LA County's biggest - GPAM 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 Section 8 Housing Choice Voucher program is a federal program funded and administered by the Department of Housing and Urban Development (HUD). 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. DO NOT pay money in exchange for the promise of Section 8 assistance. Parallel Apartments AnnouncementLINK TO PROPERTY. Households are enrolled into the program from the Section8 Waiting List. CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. The property is 92 percent leased. CDD Administration | City of Glendale, CA - Glendale, California CareRev Raises $50 Million to Expand App for Health Care Workers. 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.
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