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CalHFA Commits More Than $4 Million to Constructing Affordable Senior Housing in South Lake Tahoe.


SACRAMENTO Sacramento, city, United States
Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif.
, Calif. -- An undeveloped lot on the corner of Herbert Avenue and Pioneer Trail Road will soon be transformed into Tahoe Ta·hoe   , Lake

A lake on the California-Nevada border west of Carson City, Nevada. It is a popular resort area.
 Senior Plaza II, an affordable housing complex for 32 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 approved a $4.73 million construction loan to increase the availability of local affordable rentals serving seniors, age 62 or older, with household incomes at or below 50% of area median income.

Tahoe Senior Plaza II will be built as a two-story garden style apartment building with one- and two-bedroom units. Common area features and amenities will include secure building access, multi-use room for arts, crafts and computer learning, lounge/library, and laundry Laundry can be:
  • items of clothing and other textiles that require washing
  • the act of washing clothing and textiles
  • the room of a house in which this is done
History of laundry
Before industrialization
 area located near the elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
 for accessibility. On site parking will be available for residents and guests.

The construction is scheduled to begin in May 2008 and completion anticipated within 12 months.

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 See .gov and GovNet.

(networking) gov - The top-level domain for US government bodies.
 or call toll free 877.9.CalHFA (877.922.5432).
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Publication:Business Wire
Date:Apr 15, 2008
Words:230
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