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Council approves Hermosa Village Phase 3 resendication and $23 million rehabilitation plan
Summary
The Anaheim Housing Authority and City Council approved a plan to resyndicate and rehabilitate Hermosa Village Phase 3 and 4, extending affordability and committing to about $23 million in renovations financed through tax credits and multifamily revenue bonds.
The Anaheim Housing Authority and City Council on Aug. 12 approved a preliminary award letter and option to ground lease for Hermosa Village Phase 3, clearing the way for a resendication and rehabilitation of aging affordable rental units at the Jeffrey Lynn neighborhood site.
Director presented staff with the redevelopment history and the scope of work. Staff said phase 3 and 4 together would see renovations to 112 units with accessibility upgrades: about 10% of units upgraded for mobility features and 4% upgraded for hearing and vision accommodations. Staff estimated the total…
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