HACSB completes $28.8 million acquisition and rehabilitation for 101 units

Homecomings, Inc., the Housing Authority of the City of San Buenaventura’s (HACSB) associated non-profit, is announcing the completion of the comprehensive $28.8 million acquisition and rehabilitation project that fully renovated 101 existing apartment units for extremely low income seniors and disabled persons in the City of Ventura. Through the Rental Assistance Demonstration (RAD) program implemented by the U.S. Department of Housing & Urban Development, the HACSB is providing long-term project-based voucher rental assistance subsidy to finance the acquisition and construction and ensure long-term affordability to those earning less than thirty percent of the area median income.

The work involved extensive infrastructure, energy and water efficiency improvements and upgrades and interior restoration work at the HACSB’s properties in East Ventura. Construction was completed in March, 2016. The HACSB partnered with Union Bank, Ashwood Construction Company, Recap Real Estate Advisors, Amador Whittle Architects, and Healthy Homes 4 U to create a renewed, energy efficient, accessible, and affordable housing development to preserve the city’s dwindling stock of deeply affordable housing.

Together, the HACSB and its non-profit are the largest residential landlord in the City of Ventura, with 467 public housing units, more than 1,500 Section 8 vouchers, and 395 non-profit affordable rental units. The agency is actively working to increase the supply of affordable housing and to improve the quality of life for hundreds more of the low-income residents throughout the City of Ventura.


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