Parlier receives $3.7M for new rental housing

Source: The Business Journal

The Department of Housing and Community Development has announced awards totaling $17.4 million to be used for multi-family construction and rehabilitation in the counties of Fresno, Solano, Sutter and Tuolumne. In Fresno County, the City of Parlier received $3.7 million for the construction of new rental properties within Parlier’s Avila Avenue Apartments II. Amenities include a community room, computer-learning center, laundry room, exercise room, tot lot and picnic-barbeque area. “This funding is critical for creating and maintaining affordable housing while providing housing opportunities for Californians,” said Acting Director Randall A. Deems in a release. This award is part of $22.9 million awarded by the federal HOME program to private non-profit organizations and local governments totaling five awardees. Funds from program have been made available to the state every year since 1992. Large municipalities receive HOME funding directly from the federal government and the Department of Housing and Community Development receives a block grant of HOME funds to award competitively to smaller communities. The main objective of the HOME program is to create and retain affordable housing in rural areas of California.

 URL to original article: http://thebusinessjournal.com/news/construction/11156-parlier-receives-3-7m-for-new-rental-housing 

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