CSCDA CIA Park Crossing AnnouncementLINK TO THE PROPERTY. FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS. Our Access Center located at 1851 Tyburn Street in Glendale, California is the heart of our organization. It weakens the public trust and confidence, and prevents the HousingAuthority from assisting eligible families. 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. (916) 658-8200 Los Angeles, CA 90025 This certificate may be relied upon until July 1, 2025. We specialize in programs for families, seniors, citizens with special needs and mixed-use developments. Please enable JavaScript in your browser for a better user experience. Suspiciousactivity can be reported to our office for investigation. 141 N. Glendale Ave.,Ste. 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. 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. 141 N. Glendale Ave., Ste. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. Catalyst Housing Group will manage Brio and Next on Lex on behalf of the state, according to the report. 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. 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 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. Catalyst Housing Group, in partnership with California Community Housing Agency (CalCHA), has completed the acquisition of two Southern California multifamily communities and one. CSCDA CIA Millennium South Bay AnnouncementLINK TO THE PROPERTY. Public agencies have gobbled up residential units in Glendale to create workforce housing. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. 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 CalCHA remits excess project cash flows and provides a purchase option to the local agency prior to bond termination. At least two other recently built properties sold this year to state-funded investors for workforce housing conversions. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. 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. The Waiting List has been closed sinceJanuary 2001 and no new applications have been taken. CSCDA CIA Wood Creek AnnouncementLINK TO THE PROPERTY. 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. 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. 11150 Santa Monica Boulevard, Suite 350 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 1,798 sq. Glendale, CA 205 units . 1818 Apartments AnnouncementLINK TO THE PROPERTY. Section 8 is a FREE federal program and it is illegal to sell vouchers. Households are enrolled into the program from the Section 8 Waiting List. CSCDA CIA Crescent AnnouncementLINK TO THE PROPERTY. Catalyst Housing Group, California Community Housing Agency, CalCHA, Northern California, Southern California, Glendale, Santa Rosa, Livermore, Hayward, Larkspur . Affordable Housing Commercial Development Impact Fee, Landlord/Tenant Rights & Responsibilities(PDF), Application for Landlord/Tenant Ad-Hoc Committee, Contact Us: Another apartment complex has been acquired that will be converted into workforce housing. Catalyst Housing Group acts as an asset manager for the agency.The Next on Lex and Brio acquisitions represent Catalysts expansion into Southern California. 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. The City does not fund the Section 8 program. The Glendale Housing Authority implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. 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. ?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). Peter Zovak oversees CDD's Housing Division and the Neighborhood Services Section. CSCDA CIA Escondido Portfolio AnnouncementLINK TO ROWANLINK TO HAVEN 76LINK TO ALCOVE. View more property details, sales history and Zestimate data on Zillow. 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. Nominations; Custom Publishing; 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. Originally, over 12,500 households applied for the program;to date, approximately 2,300 remain on the Waiting List. All Rights Reserved. Don't be a victim of scammers. 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. 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. 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. 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. 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. Adjacent Vacant Lot with usable flat land included, Huge Views, Extensively remodeled 1920s craftsmen in one of the best neighborhoods in Glendale, Montectio Park. To speak with a Relationship Manager, please call 818 550-9800. The deal is California Community's second recent acquisition in Glendale. Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON PROPERTY. Please switch to a supported browser or download one of our Mobile Apps. From the guest chefs who prepare and serve hot meals . Waterscape Apartments AnnouncementLINK TO THE PROPERTY. 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. 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. 1400 K Street, Suite 400 ft. home is a 3 bed, 2.0 bath property. 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. 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. CCRC Vision In total, the Housing Authority services over 3,000 vouchers consisting of low income, disabled, or elderly households. 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. 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. There is extra living space upstairs including a family room and a bonus room. Monday - Friday 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 property, named the Oceanaire, is located at 150 W. Ocean Blvd.Waterford and the CSCDA plan to convert the complex into middle-income housing, with Waterford serving as the property administrator.Its part of a workforce housing finance program that CSCDA started last year. Meet Glendale's Section 8Landlords and Tenants, Meet Section 8 Landlords From Around the Country. All Rights Reserved. CSCDA CIA Monterey Station AnnouncementLINK TO THE PROPERTY. The City does not fund the Section 8 program. 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. 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. CSCDA CIA 777 Place AnnouncementLINK TO THE PROPERTY. The. Remembering Eli Broads Legacy of Building and Giving, California Broadens Data Privacy Protections. 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. 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. Authority, and the Housing Authority of Santa Barbara have become Additional . 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. The type of housing is meant to fill a gap between high-priced market-rate homes and government subsidized low-income properties. CSCDA CIA Theo AnnouncementLINK TO THE PROPERTY. Public benefit programs, such as Section 8 housing, arevulnerable to fraud. Cypress Equity Investments sold the 494-unit Next on Lex complex in Glendale for $290 million, according to the Los Angeles Business Journal. 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. The California Community Housing Agency also recently purchased the Brio apartments in Glendale for $110 million. 202 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. Waterford Property Co. and the California Statewide Communities Development Authority have purchased a 507-unit luxury multifamily community in Glendale for $300 million. Applications will only be accepted by Glendale Silvercrest Residences. This browser is no longer supported. (916) 658-8200 The Link AnnouncementLINK TO THE PROPERTY. These projects continue to be very successful both in terms of design and operations. 427 Coutin Ln , Glendale, CA 91206-3104 is a single-family home listed for-sale at $1,599,000. The adjacent lot, included in the sale, provides plenty of flat land to expand the yard, install a pool, or perhaps build another home. 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 California Community Housing Agency (CalCHA)4is the State's first public agency focused exclusively on the production, preservation, and protection of middle-income housing.

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