Several new apartment buildings have been approved in Glendale that will provide 5 to 10% of their total units as affordable housing through density bonus agreements with the City of Glendale. Elevé Lofts and Skydeck at 200 E. Broadway is the first of these buildings to complete construction and is now leasing. Elevé has 208 apartment units with 14 being offered as affordable units to very low income households.
An affordable housing lottery was held on November 18, 2013 at Elevé to select potential future very low income tenants from the over 6,000 applications received from households interested in renting an affordable unit. Approximately 4,400 applications were determined eligible and two hundred applications were selected in the lottery. The property management company is currently contacting the selected applicants in the order their application was selected. If, following a review of a complete application, the applicants are considered income and property eligible, they will be offered one of the affordable units. The remaining selected applications will be kept on a waiting list for future vacancies at Elevé.
The affordable unit mix at Elevé includes 5 studios, 5 one-bedrooms, 5 one-bedrooms plus loft and 1 two-bedroom unit. Rents will range from $567 to $729 per month in 2013. Rents may increase annually based upon an affordable rent schedule published by the State of California.
Elevé affordable apartments have the same finish materials as the market rate units and share the same amenities. The building has a a 26,000 Skydeck offering 24/7 sky and star gazing space that comes free with the apartments. The Skydeck also features large screen televisions, free hi-speed wi-fi in common spaces, a high-tech gym, a dog park and an event & party space. Elevé Apartments in Glendale are brand new, green (Silver LEED) and within walking distance to great shopping, dining and entertainment destinations.
