SAN BERNARDINO, Calif. – Groundbreaking will be held January 16th for the next phase of the Arrowhead Grove Neighborhood Revitalization, formerly known as the Waterman Gardens Public Housing site.
This second on-site phase community – Crestview Terrace – will result in a total of 184 mixed-income family apartments and complete the U.S. Department of Housing and Urban Development required one-for-one replacement of the original 252 Public Housing units. The new construction will provide 147 affordable one- to five-bedroom family units with an additional 35 market-rate units interspersed across the site and two units for property employees.
Two initial phases of the Waterman Gardens redevelopment have already been completed. Valencia Vista, the first off-site phase with 76 units, opened to residents in December 2016. A little more than a year later, Olive Meadow, the first on-site phase with 62 units, opened in September 2017.
The Housing Authority of the County of San Bernardino (HACSB) partnered with National CORE (National CORE) to revitalize the previous 1942 Public Housing site. Other partners include Housing Partners I, Inc. (HPI), Hope through Housing Foundation, Clancy Co., U.S. Department of Housing and Urban Development, County of San Bernardino, City of San Bernardino, California Tax Credit Allocation Committee, Dignity Health, the state’s Strategic Growth Council, Bank of America and JP Morgan Chase. These partners are a testament of a robust public-private partnership that is transforming this much needed neighborhood.
“We are grateful to kick start another phase of this much anticipated neighborhood revitalization. We extended our thanks to all our partners, the residents, and the community for continuing to help us see this project through,” said Maria Razo, the Housing Authority of the County of San Bernardino’s Executive Director. “We are one step closer to developing much needed housing that is affordable, but also in continuing to transform this community together.”
“With each new phase of Arrowhead Grove, we are reshaping the landscape and redefining the community at-large,” said Steve PonTell, President and Chief Executive Officer of National CORE. “We are proud to be part of a collective impact development that has been a catalyst for positive change for the entire city”.
Financing for the overall Arrowhead Grove plan is through a variety of private and public sources including low-income housing tax credit financing, the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration program, state’s cap-and-trade funding, and federal HOME-Investment Partnership funds.
“National CORE and the HACSB continue to impact the local community with important revitalization projects like Crestview Terrace that’s not only transforming the neighborhood, it’s changing people’s lives,” said Cecile Chalifour, West Division Manager, Community Development Banking, Chase. “We’re proud to support this redevelopment of needed affordable housing for the residents of San Bernardino.”
Thursday, January 16, 2020, 10:00 a.m.
Crestview Terrace at Arrowhead Grove
575 East Baseline Street, San Bernardino, CA 92410
Interview, photo and video opportunities available
Jill Van Balen, National CORE, (909) 204-3434, email@example.com
Ana Gamiz, Housing Authority of San Bernardino County, (909) 332-6307, firstname.lastname@example.org
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ABOUT National CORE (NATIONAL CORE)
National CORE, based in Rancho Cucamonga, Calif., is one of the nation’s largest nonprofit developers of affordable housing. CORE operates nearly 9,000 affordable, senior and market-rate units in California, Arkansas, Texas and Florida. Over its nearly two decade history, the Hope through Housing Foundation has provided more than 2 million hours of transformational social services such as financial literacy training, senior wellness, and preschool and afterschool programs. For more information on National CORE and Hope through Housing, please visit www.nationalcore.org.
ABOUT HOUSING AUTHORITY OF THE COUNTY OF SAN BERNARDINO (HACSB)
The Housing Authority of the County of San Bernardino is one of the nation’s most progressive housing authorities in the Country. As the largest provider of affordable housing in the County, we proudly serve over 26,000 people, most of whom are seniors, veterans, disabled individuals, and children. We also work on connecting our families with additional resources needed to achieve their personal goals. For more information, please visit: www.hacsb.com