2002 Section 108 Project Summary - California

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Economic Development

COMMERCIAL DEVELOPMENT WILL COMPLEMENT AFFORDABLE HOUSING UNITS
Berkeley CA Adeline Street Apartments $500,000

HUD awarded the City of Berkeley $500,000 in loan guarantee assistance that will help finance the commercial portion of a Adeline Housing Development Project located in South Berkeley. Section 108 funds will finance the project's commercial construction costs and soft costs. The total project cost is $5,084,222 and is anticipated to create 15 full-time jobs for low- and moderate-income persons.

CITY UTILIZES SECTION 108 TO REDEVELOP BLIGHTED COMMERCIAL DISTRICT
Hawthorne CA Commercial Redevelopment Project $1,000,000

The City of Hawthorne will carry out redevelopment activities in the City's Hawthorne Boulevard commercial district with $1,000,000 in Section 108 loan guarantee assistance. Hawthorne Blvd. is the primary commercial district to several surrounding residential neighborhoods principally comprised of low- and moderate-income persons. Section 108 funds will be used to assist for-profit businesses to make façade improvements and to correct code violations on their properties.

NORTH HOLLYWOOD TO UNDERGO EXTENSIVE REINVESTMENT, OVER 1600 NEW JOBS
Los Angeles CA North Hollywood Commons $14,000,000

The City of Los Angeles will continue North Hollywood's redevelopment by utilizing $14,000,000 in Section 108 loan guarantee assistance to help finance the 16.7-acre North Hollywood (NoHo) Commons project. The project will include a 42,000 square foot supermarket, 113,600 square feet of retail and restaurant space, 200,000 square feet of office space and 20,000 square feet for childcare and healthcare purposes. In addition, the project will include 450 apartments, 264 artist lofts, 18 live/work units and a total of 2,911 parking spaces in three parking structures. Twenty percent of each type of housing unit will be affordable to low- and moderate-income persons. The City estimates that the project will generate 1,660 new jobs. The City has received a $1.8 million HUD Economic Development Initiative (EDI) grant, which will be used to defray interest on the Section 108. Total project costs are estimated at $235.6 million and private investment in the project will exceed $200 million.

VACANT MOTEL SITE TO HOUSE NEW 72-ROOM HOTEL
Sacramento County CA Auburn Boulevard --Hampton Inn Project $ 250,000

The County of Sacramento will utilize $250,000 in Section 108 loan funds to finance a commercial revitalization project located in the Auburn Boulevard Redevelopment Area. A $100,000 HUD EDI grant will be used in conjunction with the project. The Sacramento Housing and Redevelopment Agency will borrow the Section 108 funds and re-lend them to a developer, ARS Hospitality, Inc., for development of the Auburn Hills Hampton Inn. ARS will own and operate the 72-room hotel that will be built on a vacant 1.45-acre site formerly occupied by a motel. Total project cost is estimated at $4,750,000 and is expected to create 15 new jobs, principally for low- and moderate-income persons.

BUSINESS LOAN PROGRAM ESTABLISHED FOR EARTHQUAKE-DAMAGED BUSINESSES
San Bernardino County CA Business Loan Pool II $ 300,000

Section 108 assisted the County of San Bernardino's rebuilding efforts with an award of $300,000 loan guarantee assistance to provide loans to businesses expanding or locating throughout the County. The assistance is expected to create new permanent jobs, assist businesses with earthquake-damaged structures, and abate slums and blighted conditions.

Public Facilities

SECTION 108 TO FUND REHABILITATION OF KEY RECREATIONAL AMENITIES
Bakersfield CA Public Facilities Rehab Project $4,100,000

The City of Bakersfield was awarded $4,100,000 in Section 108 loan guarantee assistance to assist with the implementation of four public facilities projects: (1) Martin Luther King (MLK) Jr. Pool Rehabilitation project; (2) Jefferson Pool Rehabilitation project; (3) 14th Street Aquatic Center, and; (4) Career Counseling/Training Center Facility. The City estimates rehabilitation of each pool to cost $1,070,400 and the new aquatic center to cost $5,300,000. The Career Counseling/Training Center Facilities, including a day-care center, will cost an estimated $550,000. The City will contribute an additional $2,820,400 toward the total project cost of $6,920,400.

NEW FIRE STATION TO INCREASE CAPACITY WITH ADDITION OF PARAMEDIC UNIT
El Cajon CA Fire Station No. 8 $2,260,000

The Section 108 program will enable the City of El Cajon to fulfill its commitment to public safety by providing $2,260,000 in loan guarantee assistance to finance the construction of a new fire station. The existing fire station lacks the capacity to house a full-time paramedic unit while the new station will accommodate two engines and one permanent paramedic unit. The Section 108 assistance is being made in conjunction with a HUD FY 2001 Brownfields Economic Development Initiative (BEDI) grant in the amount of $450,000. The BEDI grant will be used to pay for costs associated with the environmental cleanup of the new site. Total project cost is estimated at $2,953,000. Completion is scheduled within 36 months and will principally benefit the low- and moderate-income area residents.

UPGRADE OF REGIONAL FAMILY CRISIS SHELTER TO INCREASE CAPACITY
Livermore CA Tri-Valley Haven Shelter $475,000

The City of Livermore's Family Crisis Shelter will be rehabilitated with $475,000 in loan guarantee assistance. The shelter is one of only three in the Tri-Valley region. This region is also composed of Pleasanton and Dublin, both of which will participate in the project. The City will grant the Section 108 loan proceeds to Tri-Valley Haven, a non-profit agency, in exchange for managing and operating the facility. The Section 108 funds will be used for acquisition financing and a portion of the shelter rehabilitation. Total project cost is estimated at $575,000.

PUBLIC FACILITIES IMPROVEMENTS PROJECT TO REVITALIZE LOW-INCOME BALBOA PENINSULA NEIGHBORHOODS
Newport Beach CA Balboa Peninsula Public Facilities $ 2,400,000

The City of Newport Beach was awarded $2,400,000 in Section 108 loan guarantee assistance in order to commence the Balboa Peninsula Public Facilities Improvements Project. The loan funds will be used for real property acquisition, curb removal, and construction of new curbs, gutters, and sidewalks. The project will also include street improvements, such as storm drains, water lines, street lighting, landscaping, and partial under-grounding of utilities. The project is part of an overall plan to revitalize Balboa Peninsula neighborhoods and will principally benefit low- and moderate-income area residents.

NEW COMMUNITY CENTER TO HELP NON-PROFIT SERVICE AGENCIES, PROVIDE ADULT EDUCATION, JOB TRAINING, & NEIGHBORHOOD ACTIVITIES
Oceanside CA Libby Lake Community Center $ 1,500,000

The City of Oceanside will utilize $1,500,000 in Section 108 loan guarantee assistance to build the Calle Montecito neighborhood multi-purpose community facility. The 15,000 sq. ft. facility will be leased to non-profit organizations to provide a range of program services, including youth activities, adult education classes, job training, and neighborhood events. The facility is located at North River Road and Calle Montecito Street, the primary entry into the neighborhood. The Section 108 assistance is being made in conjunction with a HUD Economic Development Initiative (EDI) grant in the amount of $414,087. Total project cost is estimated at $4,123,662. The facility will principally benefit low- and moderate-income residents.

NEW SENIOR CENTER TO EXPAND VOCATIONAL AND RECREATIONAL AMENITIES
Rialto CA Senior Citizen Center $ 3,060,000

The City of Rialto's received an award of $3,060,000 in guarantee loan funds that will help finance a senior center project. The project involves constructing a 17,000 sq. ft. facility, and will include 86 off-street parking spaces. The center will house banking services, postal services, a dividable multi-purpose room, stage, billiard room, beauty salon, computer classroom, conference room, television, audio library, exterior courtyard, and kitchen. The center's total project cost is estimated at $4,660,000.

NEW LIBRARY TO MEET INCREASING DEMANDS IN LOW-INCOME NEIGHBORHOODS
San Diego CA Logan Heights/Barrio Logan Library $ 3,030,000

The City of San Diego will utilize $3,030,000 in Section 108 loan guarantee assistance to finance construction of a new 25,000 sq. ft. library located in the Logan Heights and Barrio Logan neighborhoods. The new library will replace an outmoded but heavily used 3,967 sq. ft. library facility. The new library will feature an expanded children's area, enhanced study and reading space, a community meeting room, a state-of-the-art computer facility, and increased parking. The library will principally serve low- and moderate-income area residents. The library's total cost is estimated at $8,300,000.

EXTENSIVE DOWNTOWN REDEVELOPMENT UTILIZES SECTION 108 FOR PARKING GARAGE, CREATION OF 2700 JOBS
San Jose CA Downtown Mixed-use Project $13,000,000

Section 108 will contribute to the City of San Jose's downtown redevelopment with $13,000,000 in loan guarantee assistance that will partially finance construction of a new 800-space parking deck. The 800 spaces are needed to replace the 1,000 spaces that will be lost due to redevelopment in the five-block "Mitchell Block" area. This redevelopment calls for 500,000 sq. ft. of residential space, 200,000 sq. ft. of retail space, 300,000 sq. ft. of hotel and 500,000 sq. ft of office space. The San Jose Redevelopment Agency (RA), acting as the borrower, will use $4,000,000 of its own funds to acquire the former Greyhound Bus terminal, a brownfield site. The RA will also acquire and remediate the site, then construct the parking deck using a combination of $13,000,000 in Section 108 funds and $11,000,000 more of its own funds. A HUD Brownfield Economic Development Initiative grant of $2,000,000 will be used to pay interest on the Section 108 debt. Total redevelopment cost is estimated at $421,900,000 and is expected to result in 2,700 new jobs.

NEWLY CONSTRUCTED STREET PROVIDES PEDESTRIAN AMENITIES, CONNECTION TO MAJOR HIGHWAY
Santa Clarita CA Scherzinger Lane Project $ 1,150,000

The City of Santa Clarita was awarded $1,150,000 in Section 108 loan guarantee assistance to finance public improvements. The project will involve construction of a one-mile extension to Scherzinger Lane, and a connection to the Sierra Highway. The improvements will clean up the area, provide concrete surfaces to control storm water runoff, and increase pedestrian safety. The improvements will principally benefit low-and moderate-income area residents. Total cost of improvements is estimated at $1,345,000.

NEW BOYS & GIRLS CLUB TO PROVIDE RECREATIONAL OUTLETS FOR KIDS
Santa Clarita CA Santa Clarita Valley Boys & Girls Club $ 350,000

Section 108 will help finance the construction of the City of Santa Clarita's Valley Boys and Girls Club (Club) with an award of $350,000 in loan guarantee assistance. The City will work in partnership with the Santa Clarita School District and the Club to construct a 27,000 sq. ft. facility located at the Sierra Vista Jr. High School. The Club will occupy 75 percent of the facility, providing a gymnasium and a computer-learning center. The remaining 25 percent will be used for School District classrooms. The Club will be open to the general public, but will principally serve low- and moderate-income area residents. Total project cost is estimated at $6,200,000.

SECTION 108 TO FINANCE CONSTRUCTION OF NEW COMMUNITY & CHILDCARE CENTER
Santa Cruz CA Community & Childcare Center $ 1,000,000

The City of Santa Cruz will build the Community and Childcare Center project with $1,000,000 in Section 108 loan guarantee financing. The City will use Section 108 loan proceeds for construction hard costs to build a 5,200 sq. ft. facility on land it already owns. The Center will principally benefit low- and moderate-income area residents. Total project cost is $1,393,688.

NEW SERVICE CENTER TO STREAMLINE SOCIAL SERVICE DELIVERY, PROVIDE SHELTER FOR HOMELESS
Vacaville CA Social Service Center $ 1,000,000

The City of Vacaville's efforts to improve delivery of services to low and moderate income persons will be enhanced through the award of $1,000,000 in loan guarantee assistance. The guaranteed loan will finance land acquisition, site preparation, and construction of a new 50,000 sq. ft. social service center. The City's loan was made in conjunction with a $250,000 HUD Economic Development Initiative (EDI) grant, which will be used toward acquisition and abatement of the site's environmental conditions. The new center, which will consolidate services currently scattered throughout the City, will include a homeless shelter. The center's total estimated cost is $2,264,200.

UPGRADED WATER DELIVERY SYSTEM TO INCREASE SERVICE CAPACITY
Ventura County CA Water & Sewer Improvement Project $1,680,000

HUD awarded Ventura County $1,680,000 in loan guarantee assistance to finance construction of an upgraded water delivery system to a 58-acre County-owned parcel. This system will allow the County to maintain and expand the three facilities located on the parcel, which are as follows:

1. Las Posadas - a 30-person residential housing facility for mentally ill persons;
2. Villa Calleguas - a 24-person SRO facility for mentally ill persons; and
3. Casa Pacifica - a children's crisis care facility that houses 72 children.

Housing

COMMERCIAL ACTIVITY WILL SERVE LOW-INCOME AND SPECIAL NEEDS HOUSEHOLDS
Berkeley CA Commercial & Affordable Housing Project $800,000

The City of Berkeley will utilize $800,000 in Section 108 loan guarantee assistance to finance construction of the commercial portion of a mixed-use residential and retail project. Affordable Housing Associates (AHA), a non-profit development corporation, intends to construct a 27-unit apartment complex in conjunction with 4,740 sq. ft. of ground floor retail space. The apartments will be made available to low-income and special needs households. The retail space will house a 3,720 sq. ft. restaurant and 1,020 sq. ft. of other retail uses. AHA will be the general partner in a for-profit limited partnership that will own and operate the facility. Total project cost is estimated at $9,135,000.

SECTION 108 TO PARTNER WITH CITY IN PUBLIC HOUSING REHABILITATION
Berkeley CA Public Housing Rehabilitation $1,400,000

HUD has assisted the City of Berkeley's affordable housing initiative by awarding $1,400,000 in loan funds that will be used toward housing rehabilitation and temporary relocation costs. The initiative involves rehabilitation of 75 public housing units owned by the Berkeley Public Housing Authority (BPHA), which will be the subrecipient of the loan funds. The BPHA is providing an additional $816,000 in public financing.