LONG BEACH, CA—A joint venture between DL Horn &Associates LLC, Affordable IVLLC and PC Long Beach Developers LLC hasunveiled Ramona Park Senior Apartments, a 61-unitsenior affordable housing development in LongBeach, CA. WNC funded the project with $6.9 million in low-incomehousing tax credit equity.

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Located at 3290 E. Artesia Blvd., the property is available toseniors 55 years old and older who are living at 60% or less of theaverage annual income. It has one three-story building with a mixof one- and two-bedroom apartments, and it has ground floorparking. Each unit has a fully equipped kitchen with appliances,including an oven, refrigerator, garbage disposal and dishwasher.Additionally, units feature central air and heating, a patio orbalcony and window blinds

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There originally was a vacant bank on the development site,which was demolished prior to construction. Developers designed theproperty with an array of amenities for the tenants to use. Tenantswill have access to community gathering areas, including a swimmingpool, outdoor fireplaces, a community room and library. Theproperty also has service amenities, like a laundry facility andbusiness center.

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Affordable housing for seniors is in high demand in the LongBeach submarket. Also adding to the supply, Meta HousingCorp. and Path Ventures broke ground on a high quality, LEED-Silver certifiedapartment complex in May that will target low-income seniorcitizens.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.