Project Description: A proposed 60-unit Veterans Housing Project in Cathedral City. The project developers, Ikaika Ohana (Urban Housing Communities), have received a $5.5 million Veterans Housing and Homelessness Prevention Program (VHHP) award through the California Department of Housing and Community Development.
Since its initial planning, the City of Cathedral City has contributed $2,156,160 (land valued at $1,156,160 and $1,000,000 grant) to the project that will feature 60 one and two-bedroom units and an approximate 3,000 square foot community center with outdoor recreation. Additionally, the project has secured $1.5 million soft loan through Assemblymember Eduardo Garcia’s office as well as $1,500,000 in Neighborhood Stabilization Program Funds from Riverside County. The next step for the project to materialize is to submit an application in the amount of approximately $10 million to the Tax Allocation Committee by July 1, 2020. If notified in August of its successful application and awarded the credits in October, then the project could break ground at the end of the year.
Project Website: Website
Dr. Stone James