CalHFA Commits $9.6 Million to Preserving Affordable Senior Housing in San Francisco.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif. -- An existing high rise, Alexis Alexis, czar of Russia Alexis (əlĕk`sĭs) (Aleksey Mikhailovich) (əlyĭksyā` mēkhī`ləvĭch), 1629–76, czar of Russia (1645–76), son and successor of Michael. Apartments, in downtown San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden will soon receive extensive renovations in order to preserve housing for 206 low income seniors. The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Housing Finance Agency (CalHFA) Board of Directors has approved $9.6 million in long term loans which will allow the owners to protect the rental affordability and serve seniors with household incomes at or below 80% of area median income. A vast majority of the seniors, who are currently and will continue to reside in the complex, have household incomes below 50% of area median income. Built in 1973, the Alexis Apartments complex consists of two interconnected 14-story high rise towers, separated by an enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. parking garage on the ground level. Each tower contains 103 units and is connected on the second floor by common areas including exercise room, computer room, reading room, and dining/community room with a full service kitchen. The complex is located in the South of Market District on the northwest corner of 5th and Clementina Clementina is a municipality in the state of São Paulo in Brazil. The population in 2003 was 5,671 and the area is 169.26 km². The elevation is 465 m. Streets. Renovations to the building will include replacement of exterior windows, upgrading mechanical systems, repair of roofing and exterior painting. Additional repairs and upgrades will be completed in all common areas. Modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of residential units will include the complete renovation of kitchens and bathrooms, replacement of lighting and flooring, and updating electrical and safety equipment. The work is scheduled to begin in February 2008 with an anticipated completion date of August 2009. The California Housing Finance Agency was created in 1975 with the goal of helping more Californians live in a home they can afford. CalHFA's Multifamily Division has invested $1.4 billion for the construction and preservation of more than 33,000 affordable rental housing units to assist very low and low income Californians. For more information on Multifamily Loan Finance programs and the full complement of CalHFA programs, visit www.calhfa.ca.gov or call toll free 877.9.CalHFA (877.922.5432). |
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