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Member Announcement

Merritt Community Capital Corporation Helps Preserve Affordable Housing Properties in California

Merritt Community Capital Corp. has recently closed its $65 million Multi-Investor Fund XV, its second largest fund. Given the need to preserve existing units of affordable housing in California, there are, in Merritt's Fund XV, twelve acquisition rehab properties. As such, 702 units of affordable housing will be preserved statewide. Merritt's key developer partners in this current fund are Peoples' Self Help Housing, PEP Housing, Christian Church Homes of Northern California, EAH, Mercy Housing, Deep Green Housing, Housing Authority of Santa Clara County, Eden Housing, and Terra Corp.

Golden State Acquisition Fund Loan for the Purchase and Rehabilitation of Affordable Senior Housing

The California Department of Housing and Community Development Announces Golden State Acquisition Fund Loan for the Purchase and Rehabilitation of Affordable Senior Housing

State Funded Discounts for Advanced Communication Services

The California Teleconnect Fund is a program of the California Public Utilities Commission that provides a 50% discount on advanced communication services to qualified non-profits.

The purpose of the program is to facilitate access to more advanced communications through a discounted rate.

For more information on the program, to request an in person presentation or for application assistance:

Visit the CTF Program website: www.CTFProgram.org

Contact the CTF Help Desk at (866) 742-8587

Ventura County Updates

Ventura County Updates: Hillcrest Villas Grand Opening, Many Mansions' latest affordable housing property. Thursday April 25, 2013 at 2736 E. Hillcrest Drive, Thousand Oaks CA 91362. Link here to register.

Vote Online for TRUST South LA

TRUST South LA has been nominated for the People's Momentum Award - and with your support, could receive a $10,000 grant from the Women's Foundation of California. Please take a moment to vote for TRUST South LA - they greatly appreciate your support.

Vote here!

CHPC Receives $400,000 Grant from the John D. and Catherine T. MacArthur Foundation To Support Energy Efficiency Financing for Low-Income Multifamily Housing

The California Housing Partnership Corporation (CHPC) has been awarded a $400,000 grant from the John D. and Catherine T. MacArthur Foundation to develop and launch an innovative energy efficiency financing pilot program for owners of low-income multifamily rental housing. CHPC is working in close partnership with  Stewards of Affordable Housing for the Future (SAHF) to design and implement the pilot throughout California.
 

LA County Supervisors Approve $15 Million for Affordable Housing

The preservation and creation of affordable housing has been a longstanding goal of both Los Angeles County and many of its 88 cities, but the demise of redevelopment agencies delivered a blow to low-income residents struggling in one of the nation’s most difficult housing markets.

Groundbreak! Mosaic Gardens at Huntington Park

From LINC Housing. In January, Huntington Park’s mayor and L.A. County officials took turns behind the controls of a construction Bobcat to help break ground for Mosaic Gardens at Huntington Park. The ceremony marked the start of construction that will transform a former, gated up 55-room motel into 24 affordable apartments for low-income families, including transitional age youth - ages 18-24. Download the press release here.

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