Tuesday, June 10, 2014

Affordable Housing Updates - June 2014


Several affordable housing projects are in various stages of development. Here is a brief update on some of these projects.

Cypress Senior Living – A 17-unit affordable housing apartment building for senior citizens, with 6 units reserved for senior veterans.  The Affordable Housing Lottery was held on May 15th and the applicants chosen first in the lottery are being interviewed now for lease up of the apartments. Rehabilitation of the building was completed in mid-May.
Read our March 2014 post about Cypress Senior Living.

Veterans Village – A 43-unit affordable apartment building with a preference for veterans and their families is under construction.  The subterranean structure is well underway, with floors and walls poured.  Capping the structure is expected in the next week.  The project should complete construction in June 2015.
Read our February 2014 post about Veterans Village.

Chestnut Habitat Homes – A 3-unit affordable new construction project for Low Income First Time Home Buyers.  Building permits were issued and site preparation and grading has begun.  Construction completion is projected for June 2015.  The selected home buyers will complete a minimum of 500 hours of “sweat equity” on the new homes as part of their down payment for purchase.
Read our March 2014 post about Chestnut Habitat Homes.