HomeCity NewsFinal Development for $54 Million Affordable Housing Investment Underway

Final Development for $54 Million Affordable Housing Investment Underway

First published in the Nov. 19 print issue of the Glendale News-Press.

The city of Glendale’s final development of a $54 million affordable housing investment is set to begin construction in December and will have 337 units reserved for very low-income families and seniors.
Located at 515 Pioneer Drive, the final development is planned to be a two to five-story new construction development on a 2.8-acre site. The Glendale Housing Authority provided $2.8 million for this $168 million project, which will include 32 studios, 260 one-bedroom units, 48 two-bedroom units, and three two-bedroom resident manager units. The plans for the project include a two-level subterranean parking structure with 342 parking stalls.
The Housing Authority selected Linc Housing and National CORE as development partners to develop the 340 units of 100% affordable rental housing.
The development is one of three projects apart of the city’s $54 million investment into future affordable housing projects. The other two projects, Harrower Village and Citrus Crossing, have broke ground and will be reserved for qualifying low-income seniors.
Harrower Village broke ground in August and is expected to be completed by the summer of 2023. The Housing Authority provided a total of $10.7 million in subsidies to develop the 40-unit senior-housing site. Harrower Village will consist of 14 studios, 25 one-bedroom units, and a two-bedroom resident manager unit.
In addition to the Harrower Village project, the city’s Housing Authority provided $15.05 million in subsidies to develop Citrus Crossing, which is adjacent to Harrower Village. Citrus Crossing, located at 900 E. Broadway, began construction in March and is expected to be completed by spring 2024.
Like 515 Pioneer Drive, Citrus Crossing is a new construction development project consisting of 87 studios, 39 one-bedroom units, and a two-bedroom manager unit in a five-story structure. The project’s total cost is $60 million and includes 92 parking stalls in a subterranean garage.
Harrower Village, Citrus Crossing, and 515 Pioneer Drive are the culmination of the city of Glendale and the Housing Authority’s commitment to balanced, quality, affordable housing. They will provide a total of 507 units of affordable housing to extremely low, very low and low-income seniors and small families. “Cities across our nation, including our own, are experiencing the impacts of a growing housing crisis. I’m optimistic in Glendale’s ability to make an impact locally and provide housing for our seniors and low-income families through this $54 Million investment in affordable housing projects,” Mayor Ardy Kassakhian said.
“Affordable housing is imperative in community development to reduce evictions, maintain the health of the population and economy, build sustainable communities and promote diversity,” said Bradley Calvert, director of Community Development for the city of Glendale. “All three of these developments will be reserved for seniors aged 62 and older and/or small families with extremely low to low-income,” said Mike Fortney, principal housing project manager for Glendale’s Community Development Department.

Most Popular

[bsa_pro_ad_space id=3]