SENIOR, DISABLED HOUSING FUNDED; 95-UNIT GRANADA HILLS COMPLEX LARGEST OF 5 PROJECTS TO BE BUILT.Byline: Dominic Berbeo Staff Writer A $22 million federal grant will build five housing projects for the low-income elderly and disabled in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , the largest of which is a 95-unit Granada Hills apartment complex, officials said Friday. The funding is part of $792 million in national Housing and Urban Development funding for poor seniors and people with disabilities, an increase of $100 million from similar federal programs last year, said HUD Hud (h d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. Secretary Andrew Cuomo Andrew Mark Cuomo (born December 6, 1957, in Queens, New York) is the New York State Attorney General. He was elected on November 7, 2006. Previously Cuomo was the Secretary of Housing and Urban Development under President Bill Clinton between 1997 and 2001. speaking to reporters by telephone from Washington, D.C. ``Because the economy has been so strong, people on fixed incomes can't keep pace with inflation,'' Cuomo said. ``Seniors are not in a position to go out and get second jobs.'' From the funds announced by HUD Friday, $9.3 million will build 95 subsidized units at the Castlewood Terrace complex for seniors at 16920 Chatsworth Street and help pay their rent for five years. These will be in addition to 68 units the Atlanta-based nonprofit group Broadway Towers is finishing there with previous federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve . Those units are scheduled to open in March. The application process for the first 68 units is closed, and a lottery is set for today to determine who will be awarded those apartments. A date has not been set for opening the application process for the additional 95 units. Interested applicants can contact the Los Angeles HUD office at (213) 894-8000. Senator Barbara Boxer Barbara Levy Boxer (born November 11, 1940) is an American politician and the current junior U.S. Senator from the State of California. A member of the Democratic Party, Boxer was first elected to the U.S. , D-Calif., helped push for the project with a letter to HUD in May. ``Once constructed,'' she said Friday, ``this apartment complex will improve the lives of countless seniors in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. .'' Seniors who are chosen for the HUD housing will be responsible for paying 30 percent of their rent, with HUD subsidizing the rest for five years, Cuomo said. After five years, seniors can reapply Re`ap`ply´ v. t. & i. 1. To apply again. reapply vi → volver a presentarse, hacer or presentar una nueva solicitud for further assistance. Nationwide, Cuomo said, this year's funding will help build or renovate 8,943 subsidized apartments for roughly 11,180 seniors and people with disabilities. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. HUD, most people who qualify for the program make less than 30 percent of the average income for their area, which works out to about $10,000 a year for one person and $11,500 annually for a two-person household. Cuomo also released statistics Friday showing more than half of senior renters nationwide pay more than 50 percent of their income for rent, well above the 30 percent threshold considered affordable. Other Los Angeles projects being funded include the 73-unit Silvercrest Residential complex for seniors in Lake View Terrace, the 25-unit New Hope Courtyard apartments for the disabled in South Central Los Angeles, the six-unit Hayworth Housing structure in the Mid-City district, and the 23-unit HFL HFL Healthy For Life HFL Herbie Fully Loaded (movie) HFL Highly Flammable Liquid HFL Holland Florin (currency of the Netherlands; old style) HFL Hydraulic Flying Lead (Oil & Gas) Ashtabula Homes complex for the mentally ill in Pasadena. CAPTION(S): map Map: Castlewood Terrace Apartments |
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