Written by Business Journal staff
Three housing projects in Fresno County were awarded grants through an affordable housing competition, bringing a total of 183 living units to low-income families, seniors, veterans and other disadvantaged individuals.
In all, $32.9 million was given out to 57 projects in eight states during the second round of funding in the 2011 year of the Affordable Housing Program put on by the Federal Home Loan Bank of San Francisco.
The program has been running since 1990, funded when the bank sets aside 10 percent of its net income each year to help jumpstart affordable housing projects.
With a grant of $320,000 from the program will help the LINC Housing Corporation begin building the Avila Avenue Apartments in Parlier.
When complete, the project, located at 14100 E. Parlier Ave., will consist of 33 residential apartment units in four buildlings for large, very low-income families. It will also have the addition of a community room, kitchen and computer space along with a pool, spa, playground and barbeque area.
In Reedley, an $800,000 grant went to the Corporation For Better Housing to build 80 residential units in the Reedley Family Apartments.
The project, located east of South I Street in Reedley, will providing housing for low-income and homeless households along with a community space for social services, a library, a game area, a computer lab, laundry facilities, a play area and other amenities.
The Housing Authority of the City of Fresno received a grant of $690,000 to build the Renaissance at Santa Clara in Fresno.
The project, located between 1505-1585 Santa Clara St., will consist of 70 units within six, two-story walkup buildings that will provide permanent supportive housing to individuals who are homeless or at-risk of homelessness.
The project will feature a community building with a kitchen and dining space, community room, a computer lab, laundry facilities and office space for on-site providers of social and mental health services.
URL to original article: http://www.thebusinessjournal.com/news/construction/1127-program-funds-fresno-co-housing-projects
For further information on Fresno Real Estate check: http://www.londonproperties.com
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