Integrity Housing is excited to partner with Community Development Partners in the acquisition and rehabilitation of an 18 unit two story Glendale apartment building for conversion into affordable housing. The 1920’s brick building will feature 14 studio and four one bedroom units, and will be called Cypress Senior Living.
The acquisition and rehabilitation of Cypress Senior Living is being made utilizing 9% rehab and 4% acquisition LIHTC’s. The Glendale Housing Authority is supporting the project by providing $1,447,523 in HOME funds for the rehabilitation, in addition to providing a below market permanent loan which eliminated the need for permanent financing.
The building interior has been completely gutted, and the plumbing and electrical will be replaced throughout the building. The units will also boast new cabinets and appliances. One feature of the building that will be preserved though not used, is the giant poured cement wash basin located on the roof of the building. Gary Ponce of Integrity Housing stated, “I am happy the sink will remain. I think it is a great reminder of the history of the building.”
The property amenities will include a community area with resident computer, internet, and printing access. Adult Education, and Individualized Health and Wellness Services will be provided onsite to the residents free of charge by Central Valley Coalition for Affordable Housing, a supportive service provider.