California Investments Save More Than 700 Affordable Homes from Losing Affordability Restrictions To ensure availability of affordable housing for lower-income Californians priced out of the rental market, the Department of Housing and Community Development (HCD) today announced the first of several awards from the new Portfolio Reinvestment 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. CalCHA partners with Catalyst Housing Group, LLC and issues $179M to acquire Aster in Dublin, CA Read more Apr 23 2021 Cypress Equity bought Next on Lex from Century West Partners, which completed the project in 2019. Suspiciousactivity can be reported to our office for investigation. CSCDA CIA Towne at Glendale AnnouncementLINK TO THE PROPERTY. 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. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. 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. These projects continue to be very successful both in terms of design and operations. 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. 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. Fraud hurts everyone. CCRC Vision Catalyst and CalCHA Add 1,000+. CareRev Raises $50 Million to Expand App for Health Care Workers. CSCDA CIA Millennium South Bay AnnouncementLINK TO THE PROPERTY. 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. Catalyst and CalCHA Acquire Two Additional Essential Housing Communities 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 December 29, 2020 The CSCDA Community Improvement Authority is pleased to announce the issuance of $116,825,000 in tax-exempt Essential Housing Revenue Bonds to acquire the CTR City Apartments, located in Anaheim, California. 1400 K Street, Suite 400 June 16, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $95,545,000 in tax-exempt Essential Housing Revenue Bonds to acquire The Link Apartments, located in Glendale, California. The Glendale Housing Authority is authorized for 1,592 Section 8 Vouchers. February 26, 2021 The CSCDA Community Improvement Authority is pleased to announce the issuance of $195,965,000 in tax-exempt Essential Housing Revenue Bonds to acquire Jefferson Platinum Triangle Apartments, located in Anaheim, California. Sacramento, CA 95814, P: At least two other recently built properties sold this year to state-funded investors for workforce housing conversions. In total, the Housing Authority services over 3,000 vouchers consisting of low income, disabled, or elderly households. The property is 92 percent leased. Peter Zovak Assistant Director of Community Development. The Glendale Housing Authority receives funding from HUD on an annual basis to pay for rental assistance subsidies on behalf of lower income clients. Peter Zovak oversees CDD's Housing Division and the Neighborhood Services Section. CalCHA is represented by and will rely on its municipal advisor GPM Municipal Advisors, LLC ("GPM") to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. ft. home is a 3 bed, 2.0 bath property. 323-549-5225, Los Angeles Business Journal | Website by Web Publisher PRO. Please switch to a supported browser or download one of our Mobile Apps. Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. To speak with a Relationship Manager, please call 818 550-9800. There is extra living space upstairs including a family room and a bonus room. 202 CSCDA CIA Vineyard Gardens AnnouncementLINK TO THE PROPERTY. 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. 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. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com. F: (916) 658-8240. The "Essential Housing" model has already created over 2,000 affordable rent-restricted rental units. 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. Glendale Apartment Complex Sells for $300 Million Housing Authority/CDBG | City of Glendora 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 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. Waterscape Apartments AnnouncementLINK TO THE PROPERTY. Catalyst and CalCHA Add 1,000+ Units of Essential Housing, Expand to

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