323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Catalyst Housing Group will manage Brio and Next on Lex on behalf of the state, according to the report. The. The agency bought the 205-unit Brio complex from Sequoia Equities earlier this month. 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. Affordable Housing Commercial Development Impact Fee, Landlord/Tenant Rights & Responsibilities(PDF), Application for Landlord/Tenant Ad-Hoc Committee, Contact Us: 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. Glendale Silvercrest Residences will open its waitlist for 2 weeks beginning May 1, 2023 May 14, 2023. Remembering Eli Broads Legacy of Building and Giving, California Broadens Data Privacy Protections. Suspiciousactivity can be reported to our office for investigation. 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. 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. K. 1 Dixon, Diane Newport Beach District 15 0 Espinoza, Rose La Habra OCCOG 1 1 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. CSCDA CIA Acacia AnnouncementLINK TO THE PROPERTY. In addition, the Housing Authority administers a total of approximately 1,500 vouchers from other housing authorities under the program of Portability. The Brio complex, located at 546 W. Colorado St., has 205 units and was. Parallel Apartments AnnouncementLINK TO PROPERTY. Section 8 is a FREE federal program and it is illegal to sell vouchers. 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. WEBSITE DESIGN BY GRANICUS - Connecting People and Government. Los Angeles, CA 90025 CSCDA CIA Millennium South Bay AnnouncementLINK TO THE PROPERTY. 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. ?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). 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. 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. 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. 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. The Glendale Housing Authority has supported the development of numerous affordable housing projects using affordable housing funding, since its inception in 1975. Entertaining in the back yard is easy with large patios, privacy and of course gorgeous views. All proposals received will be shared with CalCHA's municipal advisor. CalCHA remits excess project cash flows and provides a purchase option to the local agency prior to bond termination. 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. Proposals may be addressed to CalCHA, care of any of the Program Administrators listed on CalCHAsContact Uspage. Californias housing crisis remains critical and the State continues to experience a significant shortage of available affordable housing units. CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. The City actively pursues allegations of fraud. Additionally, no existing tenants are displaced under the program. Households are enrolled into the program from the Section8 Waiting List. The Link AnnouncementLINK TO THE PROPERTY. Jefferson Apartments AnnouncementLINK TO PROPERTY. Nominations; Custom Publishing; F: (916) 658-8240. 11150 Santa Monica Boulevard, Suite 350 F: (916) 658-8240. Catalyst and CalCHA Add 1,000+. These housing projects have provided new affordable rental housing for seniors, families, and . Northern California. FOR INTERESTED TENANTS, A LIST OF PARTICIPATING PROPERTIES ARE LOCATED UNDER CIA PROJECTS. CSCDA CIA Theo AnnouncementLINK TO THE PROPERTY. Westgate and The Hudson AnnouncementLINK TO WESTGATE PROPERTYLINK TO THE HUDSON PROPERTY. There is extra living space upstairs including a family room and a bonus room. 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 type of housing is meant to fill a gap between high-priced market-rate homes and government subsidized low-income properties. 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 Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. (916) 658-8200 CSCDA CIA Vineyard Gardens AnnouncementLINK TO THE PROPERTY. 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 deal is California Communitys second recent acquisition in Glendale. 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. The Glendale Housing Authority implemented temporary measures to help minimize and prevent the spread of COVID-19 until further guidelines are released. (916) 658-8200 Glendale, CA 91206 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. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. 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 "Essential Housing" model has already created over 2,000 affordable rent-restricted rental units. The state-funded California Community Housing Agency bought the development at 275 W. Lexington Drive. 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. This browser is no longer supported. Please enable JavaScript in your browser for a better user experience. 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. 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. The adjacent lot, included in the sale, provides plenty of flat land to expand the yard, install a pool, or perhaps build another home. Meet Glendale's Section 8Landlords and Tenants, Meet Section 8 Landlords From Around the Country. 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. Copyright 2023, California Community Housing Agency. 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. 141 N. Glendale Ave., Ste. 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. Los Angeles, CA 90025 Peter Zovak Assistant Director of Community Development. Phone: 818.548.3936, Counter Hours: 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. CCRC has worked with for-profit and non-profit developers throughout California to increase the supply of affordable housing. CSCDA CIA Westgate Phase 1 AnnouncementLINK TO THE PROPERTY. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Never pay money for affordable housing programs. DO NOT believe that Section 8 assistance can be purchased on the street from strangers. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. 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. Waterford Place AnnouncementLINK TO THE PROPERTY. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 202 Glendale, CA 91206 Tel. Glendale, CA 205 units . 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. 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? 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. March 14, 2022 The CSCDA Community Improvement Authority is pleased to announce the issuance of $95,641,006 in tax-exempt Essential Housing Revenue Bonds to acquire Towne at Glendale Apartments, located in Glendale, California. All Rights Reserved. Next on Lex Glendale, CA 494 Units. 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. These projects continue to be very successful both in terms of design and operations. CareRev Raises $50 Million to Expand App for Health Care Workers. CCRC Vision It was sold by Sequoia Equities Inc.CCHA is a state agency that was established in 2019. 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. 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. 202 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 1818 Apartments AnnouncementLINK TO THE PROPERTY. 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. The 1,798 sq. 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. To speak with a Relationship Manager, please call 818 550-9800. Through CSCDA CIAs Workforce Housing Program, government bonds are issued to acquire market-rate apartment buildings. 8:00 AM to 5:00 PM, WEBSITE DESIGN BY GRANICUS - Connecting People and Government. 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. DO NOT pay money in exchange for the promise of Section 8 assistance. The City does not fund the Section 8 program. MLS # SB23071382 /PRNewswire/ -- Catalyst Housing Group is expanding its transformative middle-income Essential Housing model across the state, with the acquisition of two. The program uses tax-exempt bonds to finance multifamily acquisitions. 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. 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. Cameo and The Garrison AnnouncementLINK TO CAMEO PROPERTYLINK TO THE GARRISON PROPERTY. The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), will permanently transition the currently market-rate properties into rent-restricted housing . CSCDA CIA Escondido Portfolio AnnouncementLINK TO ROWANLINK TO HAVEN 76LINK TO ALCOVE. Government Departments Community Development. If you are approached by someone promising Section 8 assistance in any way in exchange for money, you are to ignore the request and report the activity to the Glendale Section 8 Fraud Hotline (818) 548-6442 or via email at section8fraud@glendaleca.gov. Catalyst Housing Group, California Community Housing Agency, CalCHA, Northern California, Southern California, Glendale, Santa Rosa, Livermore, Hayward, Larkspur . She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. Public agencies have gobbled up residential units in Glendale to create workforce housing. Devine, Paula Glendale District 42 1. 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. The property is 92 percent leased. 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. This certificate may be relied upon until July 1, 2025. 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 Another apartment complex has been acquired that will be converted into workforce housing. Don't be a victim of scammers. Cypress Equity Investments sold the 494-unit Next on Lex complex in Glendale for $290 million, according to the Los Angeles Business Journal. 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. CCRC will become the premier provider of capital serving the needs of low-income residents and communities. Applications will only be accepted by Glendale Silvercrest Residences. Please enable JavaScript in your browser for a better user experience. View more property details, sales history and Zestimate data on Zillow. 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. 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). Chula Vista, County of Marin, Glendale Housing 2021-03-10 Item #10A Page 2 of 39. 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. 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. 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. It weakens the public trust and confidence, and prevents the HousingAuthority from assisting eligible families. PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION, FOR INTERESTED TENANTS, PLEASE CONTACT THE PROPERTY MANAGER FOR LEASING INFORMATION. Homeless 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. Public benefit programs, such as Section 8 housing, arevulnerable to fraud. Dubbed Altana, the Central Avenue property is the fourth and largest community acquired as part of CSCDAs middle-income housing program. Since its inception, CSCDA has financed the construction or preservation of nearly 100,000 affordable units throughout California. To report fraud anonymously, contact the Glendale Section 8 Fraud Hotline at (818) 548-6442 orvia email at: section8fraud@glendaleca.gov. 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. 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. She previously covered real estate for the Los Angeles Business Journal. 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. 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. 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 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. Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. 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. 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. 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. The transactions, completed in partnership with the California Community Housing Agency ("CalCHA"), . The Section 8 Housing Choice Voucher program is a federal program funded and administered by the Department of Housing and Urban Development (HUD). Authority, and the Housing Authority of Santa Barbara have become Additional . 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. Please switch to a supported browser or download one of our Mobile Apps. CalCHA is governed by the Kings County Board of Supervisors and requires local government oversight and approval for financings to ensure accountability and transparency. 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. Catalyst Housing Group, in partnership with California Community Housing Agency (CalCHA), has completed the acquisition of two Southern California multifamily communities and one.