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Affordable Housing Orange County

CALIFORNIA | LOCAL
February 17, 1996 | DEBRA CANO
The city's first gated, single-family home tract, an affordable-housing project designed for buyers with moderate incomes, will be built on a 3-acre site on Bushard Street north of Garfield Avenue, city officials said. Under the development agreement, Olson Co. will build the homes, which will sell for about $245,000 for three-bedroom models and $255,000 for those with four and range from 1,798 to 2,052 square feet.
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NEWS
February 17, 1996 | REBECCA TROUNSON, TIMES STAFF WRITER
One day, Nancy Cornell vows, she will no longer sleep in her living room. Her three young children will not share a single bedroom. And she will move that chest of drawers out of her cluttered kitchen. A single mother who attends college full time and works 40 hours a week, Cornell says she cannot pay more in rent than she does now: $550 a month for a one-bedroom apartment in a tough neighborhood here.
CALIFORNIA | LOCAL
January 31, 1996 | GREG HERNANDEZ, TIMES STAFF WRITER
Joseph Pearl felt like he had just won the California Lottery. After sitting anxiously for more than an hour as 108 other names were called before his, Pearl raised his arms in triumph Tuesday morning when his name was pulled from a bin, making him one of 116 lucky people to win a coveted spot in a new senior apartment complex. "Oh, my God. I'm shocked," said Pearl, 74, a retired salesman. "I've never won anything in my life."
CALIFORNIA | LOCAL
January 26, 1996 | MIMI KO CRUZ
A new affordable-housing complex for low-income residents has opened in northwest Fullerton. The $12-million project was built with the help of a city redevelopment loan and a nonprofit group that helps indigent families and senior citizens find affordable housing. At a ribbon-cutting ceremony Wednesday, city officials, the project's developers and Tom Willard, executive director of the Foundation for Affordable Housing, which will run the Courtyard Apartments, said the project is innovative.
BUSINESS
January 23, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A government-sponsored banking institution on Monday awarded more than $700,000 in subsidies to six affordable-housing projects in Orange County--the largest single infusion to date for local low-income projects. The funds from the Federal Home Loan Bank of San Francisco will help community organizations and savings and loans finance construction of 147 rental units and three detached homes.
CALIFORNIA | LOCAL
November 17, 1995 | MIMI KO CRUZ
After years of planning, work will begin next week on East Chapman Villas, an affordable-housing apartment project being built by a local developer and a nonprofit coalition. Interfaith Housing Development Corp. of Fullerton, a group comprising local churches and synagogues, and developer Douglas Chaffee are building the complex, which will be owned and operated by Interfaith. The 27-unit complex is expected to be completed in July.
CALIFORNIA | LOCAL
November 12, 1995 | STEVE EMMONS, TIMES STAFF WRITER
"This is how we used to sell real estate in the '80s," said Mark Paolucci, the developer's ad man. Back then, eager buyers far outnumbered the houses for sale, and when their names were drawn, "they reacted as if they won the house." The downsized, '90s version occurred here Saturday when 16 "affordable" houses, part of the six-acre Montecito development, were raffled off to a pool of 30 families, some of whom had applied nearly a year ago.
CALIFORNIA | LOCAL
November 11, 1995 | LESLEY WRIGHT
A developer who is asking the city for a $1.7-million loan to build affordable housing for senior citizens has started negotiations with local officials. The City Council gave planners the go-ahead to start the meetings with KD Housing Partners of Laguna Beach earlier this week. But several members expressed concerns that the development would not move forward in time for the city to get state credit toward its affordable housing goals.
CALIFORNIA | LOCAL
September 29, 1995 | SHELBY GRAD
More than 2,000 units of affordable housing--ranging from single-room-occupancy hotels to apartments for senior citizens--have been built or scheduled for construction over the past two years, according to a new county report. Many of the units were financed at least in part with money from the U.S. Department of Housing and Urban Development and constructed in private-public partnerships, county officials said.
CALIFORNIA | LOCAL
September 28, 1995 | RUSS LOAR
Residents opposed to an affordable-housing project in their neighborhood are asking the City Council to overturn the Planning Commission's approval earlier this month of the proposed 84-unit development. San Francisco-based Bridge Housing Corp. is planning the apartments on a four-acre lot at Santa Alicia and Santa Clara streets.
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