Forty Families are Finally Home
A home is thought to be a place to hang your hat and space to feel safe in a community that cares for your well-being. Community Housing Improvement Systems and Planning Association, Inc. (CHISPA), a non-profit housing developer, aims to create that sense of home for 40 families who now live in the new Buena Vista Apartments in Hollister, Calif.
The 40 families were chosen from 1,100 applications for these affordable apartments. Rents are based on income and family size.
“Being accepted to live in these apartments felt like taking a deep breath,” said Mary Newton, one of the apartment residents. “Before this, I didn’t know where I was going to live, but now I finally have my own space that I will always be able to come home to.”
Buena Vista Apartments consist of 40 one, two, and three-bedroom apartments, a 2,000-square-foot community center, a barbecue area, children’s play area, fitness room, community garden, computers with internet access and laundry facilities.
The community center will host YMCA sponsored after-school activities, ESL classes, and other events. All activities will be open to residents of the neighborhoods surrounding the Buena Vista Apartments.
“Our mission at CHISPA is to improve people’s lives and create healthy neighborhoods,” said Alfred Diaz-Infante, CHISPA CEO. “Not only do we want to provide activities and opportunities to those who live in our apartments, but we also want to make an impact on the neighborhood in which they live.”
USDA Rural Development assisted CHISPA with the financing of this project with a $1.9 million loan guarantee originated by Bonneville Multifamily Capital. Funding was provided through the Multi-Family Housing Loan Guarantee program.
The program works with qualified private-sector lenders to provide financing to qualified borrowers to increase the supply of affordable rental housing for low- and moderate-income individuals and families in eligible rural areas and towns.
||Obligation Amount||$1.9 million ||Date of Obligation||September 2015||Congressional District||Khanna (CA-17)||Senator's Last Names||Feinstein, Harris|