After breaking ground nearly two years ago, the affordable housing project for low-income veterans known as Veterans Village will be celebrating its grand opening on April 5th at 10 a.m. Event details have yet to be solidified. The property is located at 331 Salem Street.
The four-story, 27, 910 square foot complex consists of 43 residential units for low-income veteran tenants (13 one-bed, 16 two-bed, 14 three-bed) and 56 underground parking spaces. Unit size varies from 640 to 1,250 square feet. An additional unit is designated for the property manager. On-site amenities include a community room, classroom space, computer lab, exercise room, and library.
Officials are pleased to announce that 100% of the low-income occupants have at least one veteran in their households and roughly 50% were previously homeless. A few of the new tenants were able to come off the Section 8 waiting list. Glendale Housing Authority funding and the California Federal Tax Credit program ensure the units will remain affordable for at least the next 55 years if not indefinitely.
The Veterans Village project was the result of a partnership between the City of Glendale, developer Thomas Safran & Associates, and social services provider New Directions for Veterans. Thomas Safran & Associates has been responsible for developing over 5,000 units of rental housing. New Directions will be providing on-site case management and counseling to Veterans Village tenants.
In total, the Glendale Housing Authority contributed approximately $6.9 million towards this $20.3 million project. Of that, approximately $1.1 million represented local Redevelopment Set Aside funds (now since eliminated by the State of California) for affordable housing leaving a gap of approximately $5.8 million in funding that was filled via the City’s federal HUD HOME program for affordable rental housing for both gap and permanent mortgage financing.
A waiting list has been established for future vacancies.
Low-income veterans were also given priority for six pre-designated units in Cypress Senior Living, a Glendale affordable-housing project that opened on November 11th. Learn more about the project and the veterans that now call it home.
Stay tuned for more information regarding Veterans Village.
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