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AMCAL Serves as Title Sponsor for the California Housing Consortium’s Policy Forum & Housing Hall of Fame Awards

AMCAL was proud to serve as the title sponsor for the 2018 California Housing Consortium’s Policy Forum & Housing Hall of Fame Awards in Santa Monica on May 11, 2018. It was wonderful for us to connect with friends and colleagues–old and new. Here was a great moment during the festivities with (L to R): Percy Vaz, Dana Mayo, Mary Kaiser and Lux Vaz.

CHC’s 2018 program featured an interactive federal policy discussion, an insightful look into the Terner Center on Housing Innovation at UC Berkeley’s LIHTC Resident Survey findings, a 2017/2018 California legislative update by two housing champions from the California Assembly and a thoughtful keynote speech from United States Senator Mike Crapo of Idaho.

The day started with a federal policy update from by David Gasson from Boston Capital. David spoke of tax reform, the Omnibus and a Congress in flux, covering what has happened recently and what lies ahead for federal affordable housing policy.

Carolina Reid from the Terner Center on Housing Innovation at UC Berkeley presented findings from their LIHTC Resident Survey, titled ‘Why Affordable Housing Works For Those We Serve.’ She shared how LIHTC promotes housing stability, economic mobility and improved educational outcomes for children.

This year’s honorees were:

Public Sector – U.S. Senator Mike Crapo, Assemblymember Richard Bloom, Assemblymember David Chiu

Non-Profit Sector – Cesar Covarrubias, The Kennedy Commission

For-Profit Sector – Michael Costa, Highridge Costa Companies

Lifetime Achievement – Mary Murtagh, EAH Housing

Thanks to all who attended and congratulations to those who were honored.

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New York Times mentions AMCAL’s Meridian community in affordable housing article

New York Times reporter Emily Badger featured information in her recent article about the national affordable housing crisis. AMCAL’s Meridian community in Koreatown / Los Angeles received a mention.

SAN FRANCISCO — For $1,200 a month, Patricia Torres and her family were renting a bedroom, a share of time in the bathroom, one vegetable drawer and one shelf in the fridge, and two cupboards over the stove. They rented not so much a home as a fraction of one.

Karen Calderon had even less: a single room in a homeless shelter where she was not allowed so much as a hot plate to cook for her family.

Read the article here.

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AMCAL’s Los Angeles – Florence Project is Featured

In unincorporated Florence, AMCAL Multi-Housing Company has proposed redeveloping a County library as part of a mixed-use affordable housing complex.

The project, slated for a one-acre site at 1600-1616 E. Florence Avenue, would create a five-story building featuring 116 units of senior affordable housing, as well as a replacement library at its ground floor.

VTBS Architects is designing the building, which would rise one block west of the Blue Line’s Florence Station.

The $51-million project is seeking approximately $7 million in County funding.

Read more of the article in Urbanize.la.

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