$2.25MM to Support First 3 Housing Developments in the Coachella Valley Housing Catalyst Fund
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LIIF recently provided $2.25MM for the development of the first three funded projects within the Coachella Valley Housing Catalyst Fund. The fund aims to stimulate the production of critically needed affordable housing in the Coachella Valley in Southern California. Read more about the fund and partners.
- Las Casas Apartments (Coachella, CA): This farmworker housing development will rehabilitate two existing developments encompassing 128 units of affordable housing for households earning 30% to 60% area median income. Amenities include a community room and a child care center.
- Vista Sunrise II (Palm Springs, CA): This newly constructed, permanent supportive housing development is dedicated to people with special needs, including those with chronic illness and those who are currently or at-risk of becoming homeless. The development includes 61 units for households earning 30% to 60% area median income. Amenities include a community room, courtyard and dog park.
- Oasis Villas Community (Thermal, CA): A 25-acre, new mixed-use project for farmworkers and their families, this project will include 160 housing units for households earning between 30% and 50% of the area median income, a health clinic and community-serving retail spaces. Amenities include a community room, pool, tot lots, soccer field and a basketball court.