Veteran Community Resource Alert
Cypress Senior Living Investors has kicked off the rehabilitation of 311 E. Cypress Street.
Cypress Senior Living will be the second California LIHTC project since 2012 for Newport Beach based affordable housing developer, Community Development Partners (CDP), managing member of Cypress Senior Living Investors, LP.
At completion the project will consist of 13 studio units and 4 one bedroom units with an additional studio for the onsite manager. Rent restrictions require tenants to be 62+ years of age and 6 units will be rented with Veteran preference. Property amenities will include a community area with resident computer for internet and printing access, in addition to on-site social services offered to the residents and 11 surface parking spaces. Affordability levels will be at 30%, 35%, 40%, 50%, and 60% AMI levels.
For more information please visit the website and link below.