Thursday, July 24, 2014

Affordable Housing Updates - July 2014

Photo by Community Development Partners
Cypress Senior Living Grand Opening
The availability of affordable housing is an important issue to many Glendale residents. That is why Housing staff works tirelessly to identify a develop new opportunities for qualified citizens. CDD is proud to announce the Grand Opening of the Cypress Senior Living Apartments. This 18-unit building was once worn and dilapidated. Thanks to the investment of Community Development Partners, the newly rehabilitated building boasts 4 one-bedroom and 14 studio units with brand new kitchens, bathrooms, flooring, windows and heating/air conditioning systems. A grand opening celebration will be held on Tuesday, July 29th at 9:00 AM. A housing lottery was held on May 15th to choose prospective tenants. 

Glendale Arts Colony
The proposed Glendale Arts Colony affordable housing apartments, to be developed by Meta Housing Corporation at 121 N. Kenwood Street in cooperation with the Glendale YMCA, were approved by the Housing Authority and the City Council this month. Federal tax credits were also recently approved for the project. Construction is anticipated to start by December 2014 and to be completed by June 2016. The multi-family rental development will provide 69 affordable rental units. Priority will be given to those low income tenants who may be relocated from the site for development of the project, for income qualifying artist households who live, work, or perform in Glendale, and other households that live and/or work in Glendale. Stay tuned for more news about this new project.