10-16-2018 Item No. 7 Study Session on Homelessness - Charities Housing - Presentationm CHARITIES HOUSING
ORGANIZATIONAL BACKGROUND
Mission:To develop, preserve, own and manage
affordable housing for low income individuals and their
families .Through serviced enhanced property
management and structured resident involvement.
Charities contributes to the highest standard of
human dignity and participati on in our community
• Affiliate of Catholic Charities of Santa Clara
County
• Inco rporated in December I 993
• Re s ident services provided by Catholic
Charities
• Assets owned and managed
• 26 properties, -1,251 units
• $350MM in total assets
• $ I 9MM annual operating budget for all assets
under Charities Housing
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Woods
Monte Bello
Open Space
Preserve
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Redwoods
State Par k
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Castle Rock
State Pork
Son Lorenzo
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County Pork
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Milpit as
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PROPERTIES LOCATED THROUGHOUT SANTA CLARA COUNTY
SAN ANTONIO PLACE
MOUNTAIN VIEW
120 studio apartments
• 42 apartments set as ide for individuals and
households with a range of special need s:
Developmentally disabled
Homeless or persons at-risk of homelessness
Mental illn ess
Persons with HIV/AIDS
Physically disab led households
Single-parent households
Affordable for households earning between
30 %-50 % of area median income
Constru ction completed in April of 2006
• Financing
City of Mountain Vtew, County of Santa Clara, State of
California, HUD, Housing Trust Silicon Vall ey, Wells Fa rgo
Ban k and equity raised with Tax Credits.
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19935 PRICE AVE.
CUPERTINO
• Single Family Home
• Shared housing for 5 seniors (62+)
• Average household income of residents is
$12,348 (Social Security)
• Current rent is $523
• Financing
City of Cupertino, Housing Tru st Silicon Vall ey
~
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PARKSIDE STUDIOS
SUNNYVALE
59 studio apartments
• 18 homes set aside for individuals and
households with special needs :
11 apartments for referrals from the County of Santa
Clara Mental Health Department
7 apartments for chronic homeless with disabling conditions
• Affordable for households earning
between 30%-50% of area median income
• First affordable modular development in
Northern California
• Construction completed in June of 2015
• Financing
City of Sunnyvale, County of Santa Clara, State of CA.
Mental Health Services Acc. Housing Authority of Santa
Clara County, and equity raised with Tax Credits
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THE VERANDA
CUPERTINO
• 19 studio apa rtments for seniors (62+)
• 9 ap artments set aside for homeless seniors with dis abling
conditions
• Serve seniors w ith incomes between 30%-50%AMI
($25 ,080-$41 ,800, I person household)
• Cur rently under construction, completion date April 2019
• Financing
City of Cup erti no, County of Santa Clara Measu re A and HOME
funds , Hous ing A uthority of Sa nta Cl ara County, H ousi ng Trust Silico n
Valley, Charities Housi ng an d equity raised with Tax Credits
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RENASCENT PLACE
SAN IOSE .
• 162 stud io apartm ents
• I 00% Pe r manent Supportive Housing fo r the
chronic homeless suffering from d isabling
conditions
• In t en s ive C ase Management Services provided by
The Health Trust
• Currently in construction, completion dat e
October 2019
• Fin an cing
C o unty o f Santa Clara (la nd and fi nanci ng), State of CA. Affordab le
Housi ng Sustai nab le Com munities-AH SC (gra nt and loa n), Housing
Authority of Santa C lara Coun ty, Federa l Home Loan Bank
Afforda ble Housing Fund, Un io n Bank an d equ ity raised with Tax
Credits
• AHSC fund s bri ng ing added benefits to the
community
Completion of 2.2 miles of C oyote C reek trail sy stem , installation
of I 00 new street tree s, installatio n of new traffic signa l and sa laries
and equ ipm ent fo r rang e rs to patrol creek tra ils system
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PAGE STREET
SAN IOSE •
• 8 2 studio apartments
• 27 apartments set aside for homeless
w ith disabling conditions
• Serving individuals a nd small families
earning between 30%-50%AMI
Located w ithin the W est San Carlos
Urban Village
• Proposed Financing
County of Santa Clara Measure A City of
San Jose, State of CA Affordable H ous ing
Sustainable. Communities-AHSC (grant and
loan), Housing Authority of Santa Clara
County, Private loan and equity raised from
Tax Credits
BLOSSOM HILL
SAN JOSE
147 apartments;a mix of studios, I and 2 bedrooms for
Seniors (62+)
• 39 apartments set aside for homeless seniors with
disabling conditions
• -16,000 square fe et of commercial space will be
rented to service providers that will support the
resident senior population and benefit surrounding
community
Serving seniors w ith incomes between 30 %-50%AMI
• Located within the Blossom Hill Road and Snell Urban
Village
Proposed Financing
County of Santa Cl ara Me asure A. City of San
Jo se, State of CA Infill lnfr.astructure Grant, Fed eral
Home Loan Bank. Housing Authority of Sa nta Clara
County, Affordable Hou sing Fund Private loan an d
equity raised from Tax Cred its
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