Financing closes on $170M on Two California Projects to Renovate 200 Units

Posted by beacon on Fri, Aug 21, 2020 at 5:57 PM

Acquisition/Rehab, Awards & Recognition, Beacon, California, Construction, Family Housing, Historic Buildings, Occupied Rehabs, Senior Housing

Starting in Northern California and in partnership with Third Baptist Church, Beacon Development Group and HumanGood Affordable Housing successfully closed on a $100M low income housing tax credit financing for the renovation of 104 units at Frederick Douglas Haynes Gardens Apartments. This redevelopment will improve the quality of living for the residents and preserves the community’s affordability for years to come. Frederick Douglas Haynes serves low-income families in the heart of San Francisco’s Filmore district.

Rendering of Community Room at Frederick Douglas Haynes by Paulett Tagartt Architects.

The Third Baptist Church of San Francisco was founded in 1852 and has been a staple in the San Francisco community for 168 years. As the first African American congregation west of the Rockies, Third Baptist Church has continuously worked with their community to address the rapidly growing need for affordable housing and equity. The preservation of the Frederick Douglas Haynes Gardens Apartments was critical for the large families and communities of color that have been disproportionately displaced in a quickly gentrify urban core of San Francisco.

In Southern California, Beacon Development Group and HumanGood Affordable Housing closed on $70 million in total financing to preserve and rehab 96 units of senior housing at Castle Argyle Apartments. This project will have major upgrades of all systems and a complete seismic retro-fit.

Originally constructed in the 1920s as an apartment-hotel serving the silent film industry, it housed movie stars such as Clark Gable, Howard Hughes, Ronald Reagan and Cecil B. DeMille. The design intent of this renovation is reveal the building’s classic character and re-introduce its orgins of the Golden Era. Along with rehabbing all units and addition of service spaces, the restoration of the grand lobby and office space will bring the building back to its classic Hollywood style.

These accomplishments in the middle of a pandemic and social unrest are a testament to our team’s professionalism, commitment, and love of the mission.

Beacon is Hiring – POSITION FILLED

Posted by beacon on Wed, Dec 4, 2019 at 6:26 PM

Beacon, Construction, Washington

Beacon Development Group seeks an experienced Construction Manger to assist its development teams in the feasibility, design and construction of housing development projects. Ideal candidate has strong project management experience and construction experience. They are detail-oriented, respected in the industry and focused on team and client needs.

The Construction Manager (CM) is an important member of a development team at Beacon. The CM is responsible for physical aspects of a project from feasibility to lease-up and warranty. They work closely with a Project Manager (PM), who is responsible for the financial aspects of a project. The PM is further responsible for establishing the project goals, including those of the client, budget and schedule. The CM’s job is to ensure the project goals are met relative to design and construction. The CM must be aware and communicate with the PM on issues that could impact the project budget or schedule or could have legal or regulatory consequences.

The job is varied and requires curiosity, initiative, flexibility and communication excellence. CM’s should be willing to research and teach staff about new technologies or trends in the industry. They should have or develop a network of professional resources to assist with project needs. Fundamentally, the CM is a problem solver who deploys resources effectively, efficiently and ethically to support vital affordable housing projects.

For more information on the position and to apply please visit Taleo.

Filipino Community Village Ground Breaking Ceremony

Posted by beacon on Mon, Oct 21, 2019 at 5:10 PM

Beacon, Construction, Senior Housing, Washington

On September 18, Beacon joined Filipino Community of Seattle, HumanGood Affordable Housing, elected officials including Mayor Durkan and more than 200 local community members and donors to celebrate the ground breaking of Filipino Community Village. The new community, totaling just over $36 million in development, will offer a unique model combining culturally-specific social services and 95 affordable apartment homes for low-income seniors. A segment of the apartments will be set aside for people with disabilities. The building will also house the Innovation Learning Center for the local youth. The learning center will offer computer courses, a robotics program and a science-technology-engineering-arts-math (STEAM) program.

“The Filipino Community Village is made possible by the decades-long efforts of the Filipino Community of Seattle, and our very own Beacon Development Group and HumanGood. This milestone brings us ever closer to making this dream a reality for the low-income seniors of Seattle for many years to come. As the Seattle market continues to price out countless low-income seniors, we are proud to welcome what will soon be HumanGood’s 96th affordable housing community,” said Ancel Romero, president of HumanGood Affordable Housing.

The project is funded through support from the City of Seattle, the State of Washington, King County, Umpqua Bank and Hudson Housing Capital. The project team includes Beacon Development Group, Rolluda Architects and Marpac Construction. HumanGood Affordable Housing will manage the new community upon it’s completion in March 2021.

Yakima Housing Authority Ground Breaking Ceremony

Posted by beacon on Tue, Sep 24, 2019 at 8:27 PM

Beacon, Construction, Washington

Anticipated completion date is July 2021

The Yakima Housing Authority (YHA) was joined by funding partners, elected officials and the development team to mark the start of construction of their latest project, Chuck Austin Place. The project will provide 10 two-bedrooms, 17 one-bedroom and 14 studio units of supportive housing for homeless veterans and their families. It will include a comprehensive social service center for homeless veterans in the Yakima community, including a medical and dental clinic operated by Yakima Neighborhood Health Services and case management offices for the VA and Blue Mountain Action Council.

The former Yakima Armory is being donated to YHA through a federal property disposition program. Funders include the State Housing Finance Commission, Enterprise Community Investment, Heritage Bank, the State Department of Commerce Housing Trust Fund and Local and Community Projects funds, the City of Yakima, Federal Home Loan Bank, and Impact Capital. The rooftop solar panel installation is being funded through a grant from Pacific Power’s Blue Sky fund and Energy Tax Credits via Enterprise. US Senator Patti Murray and Chuck Austin, a three-war veteran and the project’s namesake, spoke at the event.

Veteran Chuck Austin, YHA Executive Director Lowel Krueger and WA Senator Murray

YWCA Pierce County Ground Breaking Ceremony

Posted by beacon on Wed, Jul 24, 2019 at 5:56 PM

Beacon, Construction, Family Housing, Special Needs, Washington

Home at Last, YWCA Pierce County (Rendering: SMR Architects)

YWCA Pierce County CEO Miriam Barnett, Tacoma City Council Member Ryan Mello, Mayor of Tacoma Victoria Woodards, Tacoma Housing Authority CEO Michael Mirra, Washington State Senator Laurie Jinkins and U.S. Representative Denny Heck.

On July 20^th, YWCA hosted a ceremonial groundbreaking for their Tacoma project Home at Last that is scheduled to start construction next month. The project will provide 54 units serving individuals and families whose income are at or below 30% or 50% of the area median income, plus one manager’s unit. There will be a range of unit sizes from studios to three-bedroom units to accommodate these families, with 42 units set aside for homeless households and 12 units designated for families with special needs. The ground floor of the building will contain 4,000 square feet of space that will house support services. The YWCA’s counseling and housing programs will occupy this space. Residents will have access to a full range of programming provided by the YWCA in the adjacent building, including legal services, therapeutic children’s programming, youth services and support groups.

YWCA Pierce County CEO Miriam Barnett, Mayor of Tacoma Victoria Woodards and Washington State Representative Laurie Jinkins were among the speakers who shared their appreciation for the project. The $23 million construction is scheduled to be completed in Spring of 2021.

For more information on the project you can visit: https://www.homeatlastywca.org/.

Topping Off of Wenatchee Supportive Housing

Posted by beacon on Wed, Jun 12, 2019 at 11:11 PM

Beacon, Construction, Family Housing, Washington

The four-story building will have two elevators and over 5,000 sf of residential common areas

On May 31st, Beacon hosted a lunch to celebrate the Topping Off of Wenatchee Supportive Housing.

The project will provide 67 units of affordable supportive housing in the rural Wenatchee, WA . The project sets aside (16) 811 PRAC units for people with disabilities, another (33) units are set aside for homeless families with children. The projects incomes will be restricted households at or below 30%, 40% and 60% of area median income. The four-story building will consist of 25 one-bedroom, 20 two-bedroom and 22 three-bedroom units. Each floor will be equipped with common laundry facilities and the ground floor includes office space for property management and residential case management staff with a large community space for residents. The location offers scenic views, overlooking the Wenatchee valley with the Columbia River to the East and the Central Cascades to the Southwest.

Catholic Charities Housing Services is the project sponsor and the list of funders includes WA State Housing Trust Fund, 811 PRAC, WSHFC Low Income Housing Tax Credits, National Equity Fund (NEF), City of Wenatchee, Catholic Charities Diocese of Yakima, and Chelan-Douglas County. The completion date is scheduled for December 2019.

The construction crew and project team enjoyed tacos in the soon to be community room

Eastern view from Wenatchee Supportive Housing

CONSTRUCTION IS COMPLETE ON 2 CALIFORNIA PROJECTS

Posted by beacon on Mon, Dec 31, 2018 at 12:28 PM

Acquisition/Rehab, Beacon, California, Construction

Life’s Garden Renovation Includes a Modernized Exterior Entrance

At the end of October 2018, Life’s Garden community in Sunnyvale, CA completed its $65-million-dollar redevelopment that started in 2016. The renovation touched every aspect of the community from new fixtures and finishes in all units, improved mobility features throughout the property, installation of drought tolerant landscaping, and an expansion of the management office. The 208-unit building was originally constructed in 1974 to serve seniors 62 and older. To continue that mission, the project took additional steps to provide residents the opportunity to age in place on the premise. The property now has improved ADA parking closer to the building, new cane detection curbs at overhead protruding stairs and widened outdoor walkways to accommodate wheelchairs. Due to the scale of the project and the comprehensive renovation, construction occurred over 8 phases requiring the temporary relocation of more than 200 residents.

Life’s Garden grand re-opening is scheduled for January 10, 2019.

Mount Rubidoux Manor Receives a Cheerful Exterior Makeover

And in November 2018, we completed the $36 million, 12 month refinance and rehabilitation of Mt. Rubidoux Manor in Riverside, CA. The renovation includes significant energy upgrades, full building system replacements, upgraded unit finishes and re-energized community and office spaces. Built in 1971, the 188 unit community provides much needed affordable senior housing to the City of Riverside.

More details about the project can be found here.

The grand opening for Mt. Rubidoux is anticipated for March of 2019.

New life brought to Mount Rubidioux Manor

Posted by beacon on Thu, Jul 19, 2018 at 3:51 PM

Acquisition/Rehab, Beacon, California, Construction, Senior Housing

Exterior painting has begun

Mt. Rubidoux Manor, a 188 senior housing facility located in downtown Riverside, CA, is currently undergoing an extensive renovation. It is a 16-story residential building originally built in 1971 by Riverside First Baptist Homes, Inc. under the HUD Section 236 program. The current project is a partnership between HumanGood Affordable Housing and Riverside First Baptist Homes. This strategic partnership allowed the long-term vision and mission of Riverside First Baptist Homes Inc.to be preserved and strengthened with the mission and values of HumanGood Affordable Housing. The project targets seniors at or below 50% and 60% of median income but serves residents at much lower incomes through a HUD Section 8 contract covering 170 units. The building has 135 studio, 52 one-bedroom and 1 two-bedroom units.

The completed rehabilitation will include new unit kitchens, bathrooms, lighting and flooring, ADA upgrades, replacement of all exterior windows and doors, upgrades to both unit and common area heating / cooling systems, full tear down and replacement of roof and insulation, full replacement of supply and waste plumbing, a new energy efficient boiler, the addition of a rooftop photovoltaic system, exterior paint, conversion of an obsolete commercial kitchen to new office space, new community recreation and social service space and other common area upgrades. This is a welcomed rejuvenation for the 45+ year old building that has withstood earthquakes, emergency balcony repairs and a recent residential fire that damaged 13 units.

On June 28th, Walton Construction hosted a taco party for residents to celebrate 50% completion of the project and had over 200 attendees

Funding for the project includes an allocation of Low Income Housing Tax Credits from the California Tax Credit Allocating Committee, tax exempt bonds through Citibank, N.A., tax credit equity from Alliant Capital, City of Riverside HOME funds, a Housing Authority of the City of Riverside redevelopment successor agency loan and Low-Income Weatherization Program incentives. The project team includes Walton Construction and Egan Simon Architects. The expected completion date is November 2018.

New Project Milestones in Northern California – Rotary Miller Ave and Life’s Garden

Posted by beacon on Thu, Dec 21, 2017 at 3:36 PM

Beacon, California, Construction, Senior Housing

Members of Beacon Development Group and HumanGood at the groundbreaking.

The Rotarians of South San Francisco and HumanGood were joined by community members, elected officials and the development team to mark the start of construction for Rotary Miller Avenue Senior Housing. The project, an 81-unit new construction development in the heart of South San Francisco, is built on donated land from the city. Rotary Miller Avenue will serve predominately seniors with one-bedroom apartments and create a community focused on aging in place. Construction officially started in July 2017 and the project is expected to be completed in October 2018.

About 30 miles south of the Rotary Miller Avenue, Life’s Garden Apartment in Sunnyvale recently passed it’s 50% completion mark. Construction started in September 2016 to bring a full rehabilitation to the senior serving community originally constructed in 1974. The low-rise 208-unit garden community is composed of 8 inter-connected two-story buildings. To accommodate the scale of the development, the project is divided into 8 phases. At the 50% completion mark, phases 1-4 with 106-units have been renovated and phase 5 with 28-units is currently underway. The project is anticipated to be completed in September 2018.

Planning Entitlements Approved for Rotary Miller Avenue

Posted by beacon on Mon, Jun 20, 2016 at 12:19 PM

California, Construction, Senior Housing

View of the south facade, along Miller Avenue.

In April, the South San Francisco City Council approved the planning entitlements and finalized the land purchase agreement (land donation) for a new senior housing project on Miller Avenue in the City’s downtown. The project is a five story residential building with 81 units restricted to low and very low income senior households. The ground floor features 1,993 square-feet of community assembly space and contains outdoor courtyards including a roof terrace for the residents. Construction is expected to commence in January 2017 with completion in March of 2018.

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