Low-income housing for seniors on the way

Struggling seniors in Huntington Beach who survive on low incomes will

soon be reaping the benefits of affordable housing.

The California Housing Finance Agency’s “Housing Enabled by Local

Partnerships” Program recently awarded a low-interest loan of $500,000 to

the Redevelopment Agency of of the City of Huntington Beach to provide

more affordable housing opportunities for seniors with low incomes.

Funds must be used to provide housing units that remain affordable for

at least 10 years.

That loan, combined with federal and state low-income housing tax

credits and redevelopment agency funds will enable the development of

Bowen Court, a 20-unit senior housing complex at the corner of Yorktown

Avenue and Lake Street in Huntington Beach.

Bowen Court will offer future residents a variety of on-site and

off-site programs, that include fitness programs, volunteer

opportunities, community outreach, recreation and education programs,

counseling services and help with financial planning, said Sandy Sarber,

a marketing specialist with the California Housing Finance Agency.

The project is expected to cost about $3.4 million.

Completion of Bowen Court is scheduled for later this year.

The California Housing Finance Agency was established in 1975 to meet

the needs of families and individuals of low to moderate incomes.