Thursday, May 24 , 2018, 6:58 am | Overcast 58º

 
 
 
 

Local News

Santa Barbara May Loan $1 Million to Low-Income Senior Housing Project

Housing Authority's $16-million Grace Village project on the 3800 block of State Street will replace the Grace Lutheran Church at the site

A rendering of Grace Village, a planned housing project for low-income seniors at 3869 State St. in Santa Barbara.
A rendering of Grace Village, a planned housing project for low-income seniors at 3869 State St. in Santa Barbara.  (Rendering courtesy of Grace Lutheran Church)

Santa Barbara's Housing Authority wants to move ahead with a plan to build 57 one-bedroom affordable apartments for seniors.

The Housing Authority will bring its Grace Village Apartments project to the City Council Tuesday in search of a $1 million loan to help fund the $16.3 million project

The $1 million will help the Housing Authority qualify for $8.6 million in tax credits to fund the project. 

"We have a large aging population here," said Rob Fredericks, Housing Authority deputy director. "These seniors need affordable housing."

The apartments will be rented on a sliding scale, from $450 a month to $900 a month, "far below market rent," said Fredericks, noting that one-bedroom apartments in Santa Barbara could go for as much as $1,600. 

Santa Barbara mirrors the rest of the nation with a dramatic rise in its aging baby boomer population. The number of people 50 years old and older increased by 35 million from 1990 to 2010, Fredericks said. By 2030, the number of people 65 and older will reach 71.5 million, Fredericks said. 

In Santa Barbara County, volunteers counted seniors who were homeless last year.

"They just can't afford the rent," Fredericks said. 

More than 2,000 seniors are currently on the waitlist for subsidized senior housing in Santa Barbara.

The project is located at 3869 State St., near Panera Cafe. Grace Lutheran Church donated the land to the Housing Authority, at an estimated worth of $3 million, and the building will be demolished to build the senior housing. The church held its final service in February of this year. 

If the Housing Authority can secure the tax credits, it hopes to begin construction later this year, followed by an estimated 18-month construction schedule. The loan would be paid back over 30 years, at three percent interest.

"Rather than closing their doors it was their desire to see the property go to affordable housing for seniors," Fredericks said. 

Santa Barbara Mayor Helene Schneider supports the plan.

"The 'Silver Tsunami' is coming and we must be prepared to find new creative ways to provide safe and affordable housing for a growing senior population," Mayor Schneider said. "We are fortunate to have this new public/private partnership between the City of Santa Barbara, City Housing Authority and Grace Lutheran Church to meet this need."

Noozhawk staff writer Joshua Molina can be reached at .(JavaScript must be enabled to view this email address). Follow Noozhawk on Twitter: @noozhawk, @NoozhawkNews and @NoozhawkBiz. Connect with Noozhawk on Facebook.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Become a Supporter

Enter your email
Select your membership level
×

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >