City of Ontario to Celebrate Wall Raising for D Street Senior Housing Development:
7/18/2008 - City of Ontario to Celebrate Wall Raising for D Street Senior Housing Development:
ONTARIO, California – The City of Ontario and CSI Support and Development Services, Inc. will celebrate the new $8.6 million, D Street Senior Housing Development with a wall raising ceremony on Tuesday, July 22 beginning at 4:30 p.m. Located on East D Street in Ontario between Imperial and Corona Avenues and within easy access to the Interstate 10 freeway, D Street Senior Housing is a 48-unit affordable senior housing development. The public is invited to attend the event at 1449 East “D” Street in Ontario.
The Ontario Senior Housing Development will provide 47 affordable one-bedroom senior housing units. The Development will also provide for a service coordinator on-site and an on-site unit for a property manager. Residents will pay only 30 percent of their incomes as rent, the anticipated average rent is $200 per month. The income limit for a one-person household is at or below $23,300 for Fiscal Year 2008.
The primary funding for the project is from a $7.2 million U.S. Department of Housing and Urban Development (HUD) Section 202 Supportive Housing for the Elderly Grant that was secured for this project to provide for construction and rental assistance costs. The City of Ontario provided an additional $1.2 million of Federal HOME funds to make this project a reality.
"In securing the HUD 202 capital award and project rental assistance, we will be able to provide housing to a generation of Americans who has given us so much," Mayor Leon said. "The project plans reflect tremendous forethought and consideration for affordability as well as accessibility and appropriateness. It is an exceptional project the neighborhood and the community can truly be proud of."
Developer and non-profit sponsor for the project is CSI Support and Development Services, Inc. (CSI) who has been developing and managing projects using Section 202 funding since 1964. CSI's charter empowers elderly residents by encouraging that they participate in managing their buildings utilizing experienced direction, training and support from CSI staff. Consistently, their methodology yields pride of belonging and a cooperative ownership by all residents. CSI currently owns and manages over 5,700 units, having completed 53 projects in four states. In California, over 1,200 units have been developed and are managed by CSI.
Construction is scheduled to be completed and ready for occupancy by May 2009. Interested seniors may call (800) 500-7725 Monday, Wednesday, or Friday between 10:00 a.m. – 2:-00 p.m. to get on the waiting list for this project or access the online application anytime by visiting www.csi.coop.
