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Grand Opening of Downey View Apartments to be held December 1

Nov 24, 2014 | Affordable Housing, News Releases

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Downey, Calif. – Grand Opening will be held Dec. 1 for the highly anticipated Downey View Apartments, a cornerstone for the redevelopment of the city’s downtown and a powerful example of affordable housing as an economic catalyst.

Downey View features 50 two- and three-bedroom units for residents earning 30 percent, 45 percent or 50 percent of the area median income for Los Angeles County. The six-story, state-of-the-art complex is a central element in the Downtown Downey Specific Plan, designed to create a lively urban community of affordable and market-rate housing, office space, retail establishments and restaurants.

More than 700 applications were distributed during a two-day pre-opening last month, with 271 of them returned the first day alone. Of those early returns, 62 percent came from people who live or work in Downey.

“Downey View is one of the most highly anticipated residential communities we’ve done, and it’s been great to see the response,” said Steve PonTell, Chief Executive Officer for National Community Renaissance (National CORE), master developer of the project. “It underscores both the need for quality affordable housing and the opportunity that a development like this creates for downtown areas. It’s a perfect example of a project that will transform not only the lives of residents, but the greater community.”

The Downey View Apartments are a partnership of National CORE, its Hope through Housing social services subsidiary, the City of Downey, the County of Los Angeles and the Community Development Commission of Los Angeles County (CDC).

“The Downey View will be a great asset to our city, specifically to our downtown area,” said Downey Mayor Fernando Vasquez. “We are thrilled to have this quality housing development in Downey, and we are certain it will help enhance our Downtown and make our City an even more vibrant community.”

“A recent study found that Los Angeles residents spend the largest percentage of their income on rent in the country,” said Los Angeles County Supervisor Don Knabe. “The County’s partnership in the Downey View Apartments illustrates our commitment to helping our 10 million residents find affordable and attractive living options. This project is a terrific example of increasing our housing options, while boosting the local economy.”

The Community Development Commission of Los Angeles County provided more than $2 million in former redevelopment funds toward construction of the project.

“We are proud to partner with National CORE on the Downey View, which will help to address a crucial need for affordable supportive family housing for County residents,” said Sean Rogan, Executive Director of the CDC.

Downey View will feature a community room, a rooftop garden and a private patio for each unit. The project is highly energy efficient, exceeding the standards set by the U.S. Green Building Council under its Leadership in Energy and Environmental Design (LEED) program. Landscape elements include drought-tolerant plants, large box trees for shading and a planted green wall (instead of bare walls) around the sides and rear of the building.

Downey View is designed in an L-shape around a common courtyard. Balconies, landscaping, recessed openings and variations of the exterior wall plane break up large masses and add visual interest. Each unit has been designed to be as open and efficient as possible.

Additional partners include the City of Downey Community Development Commission, the California Tax Credit Allocation Committee, Hudson Housing Capital, JP Morgan Chase & Co., the architecture firm of Togawa Smith Martin Inc., and DCI Engineering Inc.

GRAND OPENING FOR DOWNEY VIEW APARTMENTS
When: Monday, Dec. 1, 2014, 2 p.m.
Where: 8314 Second St., Downey, CA
Photo, video and interview opportunities available

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About National CORE

National Community Renaissance, based in Rancho Cucamonga, Calif., is one of the nation’s largest nonprofit developers of affordable housing. CORE manages nearly 9,000 affordable, senior and market-rate units in California, Arkansas, Texas and Florida. Over the past two decades, its Hope through Housing subsidiary has provided more than 2 million hours in supportive services to enhance quality of life, including preschool, afterschool, senior wellness and upward mobility programs. For more information on both organizations, please visit www.nationalcore.org or follow us on Facebook at www.facebook.com/nationalcore.

Contact: Steve Lambert, The 20/20 Network
(909) 841-7527/ steve@the2020network.com

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