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Affordable Senior Housing

Affordable Senior Housing. Determining where is affordable senior housing most needed within California?. By: Luis A. Topete PP M224A Winter 2011. Image Source: http:// www.newbeginningseniorcare.com/flash/elderly_woman2.gif. Where We Left Off. What is meant by most underserved?.

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Affordable Senior Housing

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  1. Affordable Senior Housing Determining where is affordable senior housing most needed within California? By: Luis A. Topete PP M224A Winter 2011 Image Source: http://www.newbeginningseniorcare.com/flash/elderly_woman2.gif

  2. Where We Left Off What is meant by most underserved? • In proportion to the other two CCD’s of interest, ESGV has • ESGVTotals • Density: 1.0 118,966 • Poverty: 1.0 85,746 • Senior AH: 1.0 11 San Fernando Valley • Density: 2.1 x 249,691 • Poverty: 2.0 x 172,773 • Senior AH: 4.2 x 46 Los Angeles • Density: 2.6 x 304,029 • Poverty: 2.4 x 206,380 • Senior AH: 9.5 x 104

  3. Reason for Choosing These CCD’s East San Gabriel Valley, Los Angeles, and San Fernando Valley alone account for 54% of the total senior population in Los Angeles County.

  4. Comparison

  5. Where We Left Off (continued) In California, we determined that the East San Gabriel Valley (ESGV) is in most need of Affordable Senior Housing (ASH) due to the following: Los Angeles County is the most dense CA county and has the highest senior population. Out of the 20 Los Angeles County Census Districts (CCD), the ESGV has the 3rd highest senior density and the 3rd highest senior population in poverty. The ESGV is the most underserved CCD when compared to the San Fernando Valley and Los Angeles CCD’s.

  6. Selection of Tract To ensure that the development is in a quality area, I examined 5 factors before selecting what I believe to be the most suitable tract. Senior Density Transit Terminals Hospital Locations Parks (open space) Major Freeways (noise and air pollution)

  7. Tract of Analysis: 4019.02

  8. Parcel Map of Tract 4019.02

  9. Tract 4019.02 Zoning Designations

  10. Zoning Designations Defined

  11. Possible Locations for Development I selected the two zoning designations (Residential Medium Density and Specific Plan) that allowed for senior affordable housing development. • Grocery Stores: 5 • Bus Stops: 11 • Parks: 2

  12. Proximity of Nearest Hospital Route: 255East Bonita Ave to 611 West Bonita Ave Start at 255 east Bonita Ave Go east on E Bonita Ave Finish at 611 West Bonita Avenue       Total time: 2.5 min • Network Analyst • - New Closest Facility • Facility : (Hospital) • Incident: (Location chosen by where I felt was a good central location of the possible development areas)

  13. Buffer Model Model Model-Run

  14. Lots for Sale Source: Zillow-provides free real estate information

  15. Funding Sources Recommendation • Low Income Housing Tax Credits (LIHTC’s) • California Tax Credit Allocation Committee (CTCAC) • - 9% Application • or • - 4% Application in combination with Tax Exempt Bonds • For Expenses not covered by LIHTC’s • Soft loans from local government • Short-term construction loans (Bank)

  16. Metadata • Created • Metadata which I created by geocoding the addresses of existing senior affordable housing locations in Los Angeles County. • Source • City of Glendale Senior Services Section • Location • 201 E Colorado St Glendale, CA 91205

  17. Requirements/Skills

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