Apartment City

After a tense deadline last summer at the Highland Village apartments and nearly a year of wading through bureaucratic red tape , Bellevue has committed itself to the preservation of 76 below-market units. The Bellevue City Council voted 4 -0 to contribute $2 million from the city’s housing fund toward the King County Housing Authority to help purchase the property. The 86 families (and 85 children in local schools) of the Highland Village apartment complex were faced with an eviction notice last year, which told the residents to be out by the beginning of October. A developer, Intracorp, had sights on the property for market-rate condominiums. The residents, by-and-large, are near the 60 percent area median income level . Many of the residents speak English as a second language. According to the King County Housing Authority ’s own guidelines, the area median income for a family of four is $90,000. Highland Village was charging residents well below market rent, but many com...

Last month, we cut ribbons on Talmadge Gateway and Cypress Apartments — two affordable-housing projects that will provide a combined 122 new homes in San Diego for struggling seniors and people who have been chronically homeless. At Talmadge Gateway, we met Marvina and Michael — two local seniors who expressed profound relief to finally have roofs over their heads and the chance to lead a stable life after years of instability. Projects like these are critical as housing has become increasingly unaffordable. Virtually every Californian can attest to the increased cost of living we have seen in recent years. Since 2000, the median rent in the San Diego region has spiked by 36 percent. However, the median household income for renters has risen just 4 percent. Our lowest- income earners spend nearly 70 percent of their income on housing and, to meet the current demand from the middle and working class, we would need to build 142,000 rental homes. The problem on its surface is supply-...

May 15, 2013 hampshire housing .jpg" title="new hampshire housing .jpg" width="150" height="38" class="imagefield imagefield-field_thumbnail" /> New Hampshire Housing Finance Authority       New Hampshire Housing ’s Board of Directors recently approved a $500,000 loan to support the renovation of Newport Village Apartments , a housing complex that offers affordable apartments for low-income families in Newport. The funding will mean the nine-building complex, which was originally built in 1982, can undergo significant renovations . The project is sponsored by the Caleb Group. The loan will be provided from federal HOME funds .   Planned renovations include replacing windows , adding insulation, and installing new roofs and boilers. The renovations will help cut energy costs , and as a result, make the apartments more affordable to maintain. As part of the loan agreement, Newport Village will pass on these cost savings in the form of gu...

Colorado Park Apartments – 1141 Colorado Avenue, Palo Alto, CA 94303 PALO ALTO, Calif. – On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH).   “The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four- bedroom apartments . The latter two...

Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." title=" Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif." width="250" height="150" class="im2" /> Colorado Park Apartments - 1141 Colorado Avenue , Palo Alto, Calif. PALO ALTO, Calif. - Aug. 17, 2017 - PRLog -- Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered today to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ," said Mayor Scharff. "Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family." The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ...

From Monaghan Communications, Inc.: On August 17, 2017, Palo Alto Mayor Greg Scharff , City Council Members , and other local leaders gathered to celebrate the grand re-opening of Colorado Park Apartments , an affordable residential rental community developed by Palo Alto Housing (PAH). "The City of Palo Alto is proud to be a longstanding partner of Palo Alto Housing ,” said Mayor Scharff. “Preserving and renovating high- quality affordable housing , like Colorado Park, helps ensure that Palo Alto continues to be a great place to live, work, and raise a family.” The City of Palo Alto was also a partner in the original construction of Colorado Park in the early ‘70s. Colorado Park Apartments is a seven-building, 60- unit garden walk -up complex originally constructed in 1972 by PAH. The property has a diverse unit mix with eight one-bedroom, 24 two-bedroom, 22 three-bedroom, and six four-bedroom apartments. The latter two unit types are two-level townhouses with washer/drye...

RIO DE JANEIRO ― Seven years ago, Vila Autódromo was little more than a tranquil fishing village on the edge of Jacarepagua Lagoon, next to the racetrack for which it was named. Like the hundreds of other favelas that dot Rio de Janeiro ’s landscape, it had long been neglected by the city government , and it lacked many basic public services that are standard in the fast- growing wealthier neighborhoods just across the water. But to the more than 600 families that lived there, it was home. “This was a paradise,” said Luiz Cláudio Silva, who lived in Autódromo for more than 20 years. “I thought that I would live here for the rest of my life.” By the time the Rio Olympics are over, just 20 of the families who lived in Autódromo in 2009, the year the International Olympic Committee chose the city to host the games, will remain. The community, which sits less than a mile away from Rio’s Olympic Park, was crushed so that the city could build new access roads to connect Olympic venues . ...

WASHINGTON (August 22, 2017) – (RealEstateRama) — The “ Rent Relief Act of 2017,” legislation announced today by U.S. Representative Joe Crowley (D-NY), would provide much- needed resources directly to struggling families and individuals to help them afford to keep a roof over their heads. The refundable tax credit would put more money in the pockets of the lowest income families , at a time when their wages have flatlined and housing costs have skyrocketed. Millions of families – including those with the greatest needs – would no longer be forced to make impossible choices between paying for rent and covering other basic needs like food and healthcare. The lack of affordable housing in the U.S. has reached crisis proportions . The Gap: A Shortage of Affordable Housing , a report by the National Low Income Housing Coalition (NLIHC), shows there is a shortage of 7.4 million affordable and available rental homes for America’s 11. 4 million extremely low -income (ELI) households, ...