Groundbreaking in Long Beach
Providing a Platform of Success for Families to Rebuild Their Lives
On March 27, 2019, CBH joined the City of Long Beach, Mental Health America, and the United Way of Greater Los Angeles for the groundbreaking of Vistas del Puerto. This beautiful new building will provide 47 affordable apartments for low-income households. Half of the homes will be reserved for households with chronic health conditions and half are for low income large families. "We are committed to building more affordable housing," said Long Beach Mayor Robert Garcia, "and this project is another great step towards meeting our goals."
Media:
The Grunion, Long Beach Celebrates Newest Affordable Housing Project, March 28 2019
Signal Tribune, As Officials Broke Ground on Affordable Housing Project…, March 29 2019
Multihousing News, Nonprofit Breaks Ground on Affordable LA Project, March 29 2019
Long Beach Press Telegram, Long Beach Breaks Ground on Vistas del Puerto, March 27 2019
Urbanize, More Affordable Housing Breaks Ground Bear the Blue Line’s PCH Station, March 28 2019
Precinct Reporter, Affordable Housing Breaks Ground in Long Beach, April 4 2019
Long Beach Business Journal, Building a Better Long Beach, April 8 2019
Funders:
Wells Fargo Bank, N.A. (Construction Loan)
Community Development Commission of the County of LA (Construction and Permanent Lender)
Long Beach Community Investment Company (Construction and Permanent Lender)
Genesis LA (Predevelopment Loan)
Corporation for Supportive Housing (Predevelopment Loan)
California Community Reinvestment Corporation (Permanent Lender)
Nine Percent Low Income Housing Tax Credit Equity (Wells Fargo Bank)
Los Angeles Department of Health Services (subsidy provider)
Brilliant Corners (subsidy administrator)
Development Team:
KFA Architecture, Architect
Dreyfuss Construction, General Contractor
Primus Building Solutions, Construction Management
Levine Management Group, Property Management
Mental Health America of Los Angeles, Service Provider