Beaumont Development to Offer Security, Stability for Residents Facing Homelessness

Beaumont, Calif. – As the region continues to grapple with soaring home prices and rents, National CORE’s Summit View Apartments – now under construction – will provide safety and stability for individuals and families who have experienced homelessness or who are at risk of becoming unhoused.

In the Inland Empire, home prices have surged to six times the typical family’s income, according to a new report from the Harvard Joint Center for Housing Studies. These rising home values have placed incredible pressure on renters, who are often one financial crisis away from losing their homes.

In 2023, Riverside County’s homeless population increased by 12% to 3,725 people, according to the county’s biannual Point in Time count.

“National CORE understands that housing is the first step to combating the surging housing and homeless crisis,” said Michael Ruane, president of National CORE. “Summit View’s 48 apartments will not only provide residents with a beautiful place to live but will ensure that they stay housed so that they can continue to flourish.”

Leaders from National CORE, the City of Beaumont, Riverside County, the Riverside University Health System, Hope through Housing Foundation and their partners gathered July 24 to launch construction on the new community.

The community will exclusively serve residents who have experienced homelessness or who face the risk of becoming homeless. Eight apartments will be designated for residents with mobility needs. Five will support residents who have sensory concerns.

“Affordable housing plays an extremely crucial role in the economic well-being of our community members,” Riverside County Supervisor Yxstian Gutierrez said. “Investment in affordable housing units, such as Summit View, helps prevent homelessness and reduces poverty rates. Riverside County remains committed to providing housing options for all residents.”

Residents will enjoy a 2,080-square-foot community center that will serve as a hub for resident services and activities. The development includes a fitness center and private case management offices. Additional amenities include outdoor gathering areas with seating areas and barbecues.

“We are excited to welcome National CORE’s Summit View affordable housing community to Beaumont,” Beaumont Mayor David Fenn said. “With National CORE’s onsite resident services and property management coupled with their long-term commitment to their residents, we feel they will be able to serve our community well.

Their contributions will help to improve the housing crisis and make it possible for a few more residents to enjoy living in our beautiful ‘Elevated’ city.”

Hope through Housing will provide services and events to boost employment, social connectedness, health and wellness. The organization also will link residents to resources designed to break the cycle of generational poverty.

“Hope through Housing is committed to supporting residents on their journey to success,” Hope through Housing Vice President Alyssa Cotter said. “Alongside our partners, we’re there to help vulnerable populations get acclimated to their new environments and build strong support systems.”

Riverside University Health System – Behavioral Health will provide case management services to ensure that residents who have experienced the trauma of homelessness have the tools they need to remain healthy and housed.

“Summit View embraces a proven approach to supporting individuals experiencing homelessness by offering a comprehensive range of services, including behavioral health and substance use programs,” said Dr. Matthew Chang, director of Riverside University Health System – Behavioral Health. “As a proud partner of Summit View, RUHS is dedicated to providing essential services and enhancing the health of our Beaumont community.”

As with all new National CORE developments, a system of rooftop solar panels will provide energy for heating and cooling and the all-electric building will include the latest in environmentally sustainable design elements. Summit View is expected to qualify for LEED for Homes Gold Certification or better.

The development is funded in part through County of Riverside Housing and Workforce Solutions, the California Department of Housing and Community Development, Hudson Housing Capital and Chase Bank.

“National CORE’s Summit View is providing more than just housing to the community,” Chase Vice President Rosalind Ross said. “Affordable housing with access to community space and supportive services is essential to ensure our residents thrive.”

“Hudson Housing Capital is thrilled to be able to provide financing for this wonderful development that will provide safe and secure permanent housing for homeless individuals and households,” said Blake Davis, senior vice president of acquisitions at Hudson Housing Capital. “We greatly value our long and successful relationship with National Core and the outstanding work they do in building and operating affordable housing. We also thank Chase Bank, the County of Riverside and the State of California for their financial participation to make this project possible.”

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About National CORE

National CORE is one of the largest nonprofit developers in the nation, with a 30-year history of being an innovator in the field. In 2021, National CORE became one of only two affordable housing developers to earn an A+ credit rating from Standard & Poor’s Global Ratings. In 2022, National CORE issued $100 million in Series 2022 Social Bonds to accelerate the development of critically needed affordable housing. Serving more than 25,000 residents, National CORE strives to be a launching pad, not a landing pad, for families struggling financially. In 1998, National CORE created the Hope through Housing Foundation, a philanthropic nonprofit, whose mission is to end the cycle of generational poverty through resident services that promote educational attainment, economic mobility, and overall well-being.