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Property
Owned
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- Name
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- Address
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- Type / # of Units
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- 1.
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- 3rd STREET PROJECT.
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- 1060 West Third St.
- Santa Ana, CA 92703
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1 Duplex
1 Four-plex
= 6 Units
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- 2.
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- 18th STREET APTS.
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- 707 & 711 W. 18th St.
- Costa Mesa, CA 92627
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2 Four-plexes
= 8 Units
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- 3.
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- 18th STREET APTS.
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- 745 W. 18th St.
- Costa Mesa, CA
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1 Tri-plex
= 3 units
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|
4.
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GARNET & PLACENTIA
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- 3012, 3018 & 3024
- Garnet Lane; 1515 &
- 1518 Placentia Ave.
Fullerton, CA 92831
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3x 4-plex
2x 4-plex
= 20 Units
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5.
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- JACKSON PROPERTY
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- 300 & 304 N. Jackson St.
Santa Ana, CA 92703
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1 Tri-plex
1 Four-plex
= 7 Units
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6.
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- MYRTLE STREET APTS.
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2009 Myrtle St.
Santa Ana, CA 92703
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6 units
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7.
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JAMES ST. APTS.
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- 734,740 & 744 James St.
Costa Mesa, CA 92627
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1 Tri-plex
2 Four-plexes
= 11 Units
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|
8.
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- WASHINGTON
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- 3524 Washington Ave.
Santa Ana, 92703
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8 Units
|
|
9.
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TOWN SQUARE
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- 600-621 & 700-721
- Santa Ana Blvd.
Santa Ana, CA
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Rental: 48 Units
H/O: 40 Units
Total: 88 Units Developed
|
|
10.
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SECOND STREET PROJECT
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- 1102 W. Second St.
Santa Ana, CA 92703
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3 Units
|
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11.
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RICHMOND PARK I
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- 436 & 442 W. Valencia
Fullerton, CA 92832
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2 x Fourplexes
8 Units
|
|
12.
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RICHMOND PARK II
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- 461 West Avenue
Fullerton, CA 92832
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1 Four-plex
4 units
|
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13.
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JAMES STREET PROJECT
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- 717/721 James St.
Costa Mesa, CA 92627
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2 Four-plexes
8 units
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14.
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SOUTH RAITT
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405 & 411 S. Raitt St.
Santa Ana, CA 92703
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6 duplexes
12 Units
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15.
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- CYPRESS STREET HOUSE
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- 301 S. Cypress
Santa Ana, CA 92702
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SF home/SRO
1 Unit
|
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16.
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PARK VILLAGE APTS.
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1246 & 1256 Third Ave.
Chula Vista, CA 91911
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28 Units
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- 17.
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- LA GEMA DEL BARRIO
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- 638-644 E. Adams
- Santa Ana, CA 92707
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6 Units
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- 18.
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- NORTH RAITT
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- 201 & 271 N. Raitt St.
- Santa Ana, CA 92703
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6 Units
|
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19.
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HERITAGE PARK
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- Roseville, CA
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328 Units
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- 20.
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- ROSENBERG APTS.
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- Santa Rosa, CA
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77 Units
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21.
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KINGVIEW ESTATES
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Annandale, CA
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222 Units
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- 22.
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- MERIDIAN APTS.
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- Santa Maria, CA
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236 Units
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- 23.
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- ORCHARD APTS.
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- Beaumont, CA
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144 Units
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- 24.
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- EL SUEÑO IMPOSIBLE
(The Impossible Dream)
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- Santa Ana, CA
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- 28 units, Owner-built, SF
3-bedroom homes with
resale controls for low
income
|
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- TOTAL
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- 1,268
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Current
Project Activity
CCBHC continues to be on the cutting edge of innovative
projects that encompass a variety of affordable housing and
economic development issues, which serve the needs of our
low-income population. We are now actively engaged in such
projects are:
1. The Bungalows at Richmond:
The Bungalows at Richmond Project is a
singly-family, for-sale project that will offer lower-income
buyers eight newly-constructed townhouse-style homes. As the
Developer, CCBHC has been working with the City of Fullerton
to create this unique project for which the city is
providing 100% of the acquisition and construction
financing, using a combination of Redevelopment Tax
Increment and HOME funds. In addition, the city has
allocated funds for a substantial subsidy in the permanent
financing arrangement. CCBHC will own the underlying land in
perpetuity, and individual buyers will purchase the actual
units (the "improvements"). Each new homeowver will be
assisted by our Homeownership Center to obtain mortgage
financing through a traditional lending institution, with
down payment assistance available through CCBHC's IDA
Program..
2. The Orange County Homebuyer's
Center: Given the current housing crisis in
Orange county, one of CCBHC's top priorities is to offer
home ownership opportunities through our Homebuyer's Center.
The Homebuyer's Center offers:
- bilingual homebuyer education and financial literacy
classes
- one-on-one sessions
- credit counseling
- lender pre-qualification & referral
- loan packaging
- access to down payment resources like the IDA Program
and other through local city housing agencies
- housing product available to participants through
CCBHC's Coastal Condo Resale Program
- health and consumer referrals
- budget planning and credit counseling
- post-purchase counseling / follow-up for one
year
- early delinquency intervention counseling and
assistance
Community partners include:
- Bank of America
- Cathay Bank
- Chase Mortgage
- Citibank and Citimortgage
- HBSC
- USBank
- Washington Mutual
- Wells Fargo
- Fannie Mae / Freddie Mac
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- US Hispanic Chamber
- National Organization of La Raza
- Neighborhood Reinvestment
- NAREHP
- ULI
- numerous other entities and
foundations
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3. City of Santa Ana Empowerment
Zone/ In-home Day Care Project: CCBHC submitted
an application and was selected by the City of Santa Ana's
Empowerment Zone Corporation, for an Empowerment Zone Grant
in the amount of $90,000 for early childhood development.
The project calls for the development of two new
single-family, low-income rental homes on a large lot, which
will be designed to include mutually common areas for
childcare. The participating tenants will receive early
childhood training benefits that will result in
Certification in Early Childhood Care-giving, from Santa Ana
College. This certification will afford the participants an
opportunity to earn income from their homes, in the form of
in-home day care for up to 16 children. CCBHC has purchased
the site with financing provided by Century Housing
Corporation and is within the process of obtaining
architectural and engineering plans and studies, and are
working with the City of Santa Ana Building and Planning
Department.
4. The Raitt Street Project:
Representing a site located in an older, residential
neighborhood of Santa Ana, the project concept calls for of
the complete rehabilitation of 2 existing units and
construction of an additional 6, units. Unit mix will
consist of all three-bedroom units. The City of Santa Ana
provided acquisition financing, and CCBHC and the city are
now in the due diligence and planning phase of the project.
In addition to city project subsidy funds, permanent project
financing will include private institutional lender, as well
as additional private grant sources.
5. The James Street Project:
The City of Costa Mesa selected CCBHC in the
city's RFP process to develop an affordable housing project
in the Shalimar area of the city. CCBHC has nearly completed
the complete rehabilitation of both four-plexes, which will
provide one and two bedroom units affordable to those at 60%
or less of area median income. The project has been financed
by a combination of private mortgage funds, through Low
Income Investment Fund, and city funds including: HOME,
CDBG, and increment funds. Social service amenities include
the "THINK" program which provides an after school tutorial
and mentoring program to resident and area youth, as well as
a family counseling and referral programs, which encompass
such things as an active tenant association, employment,
health network access, and a Homebuyer Club.
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