Existing DevelopmentOur existing developments2011 CASAS ALICIA (ARAPAHOE HOMES)The development involves the relocation and restoration of two turn of the century architectural structures donated to the organization be a private citizen and moved to a vacant lot located at 1115 Alvarado Street in Los Angeles. The lot was provided by the Community Redevelopment Agency (CRA) under a disposition and development agreement (DDA). He lot is approximately 27,600 square feet and is large enough to accommodate both houses. The structures will house several nonprofit organizations providing social programs such as creation of job opportunities, job training, and job placement. One structure will house the Pico Union Economical Development and Empowerment Center (PUEDE), which provides programs and services, such as ESL training, GED proportion, and Small Business Enterprise Seminars and other programs to assist young adults entering the workforce and. Or starting a small business. The second structure will house the historical restoration and construction trades apprenticeship programs where local youth will learn construction and historical restorations trades. The restoration will be finances with a &1.5 million grant from California Cultural and Historic Endowment (CCHE) and developer’s fee from the organization. 2006 Pascual Reyes Town HomesFirst Occupancy was February 2006, the cost of the completed development is $4.5M and the property consists of 13 newly constructed Town homes specifically targeted to large families with low to moderate incomes.The construction loan was provided by Century Housing and the final financing was made with Tax Credits and a permanent loan from the California Community Reinvestment Corporation (CCRC). An additional soft loan was provided by the Community Redevelopment Agency (CRA) and a grant was provided by the Staple Center (AEG). The project was designed to meet the redevelopment goals of the City of Los Angeles Community Redevelopment Agency and is a part of their master development plan. The development consists of two 2-story buildings containing 6 and 7 units. Each unit includes 4 bedrooms, 2.5-3 bathrooms, a private garage, and interior laundry hook-ups. Upon the ending of the Tax Credit compliance, the town-homes will be offered to its residents under the program for first time home buyers.2004 DOLORES FRANCES AFFORDABLE HOUSING APARTMENTSPico Union Housing Corporation developed for Dolores Frances Affordable Housing Inc. 366 units of existing affordable housing partially subsidized with a section 8 based contract; PUHC concurrently financed the acquisition and supervised the rehabilitation with tenants in place. The units consist of Studios and 1, 2, 3 and 4 Bedrooms combined with 5 commercial spaces over 32 scattered sites. The development was financed and guaranteed by Pico Union Housing Corporation with $19M in Tax Exempt Bonds issued by the Los Angeles Community Redevelopment Agency (CRA), $8M in Tax Credits, a loan from the CRA and a 221 (d)4 loan insured by HUD. The total development cost was $38M. It closed in February 2004 and the final endorsement was completed in December of 2006. 2003 BILL CRUZ EARLY EDUCATION CENTER.A new, $3.3- million childcare center in Los Angeles’ Pico Union neighborhood was dedicated on August 7, 2003. The Bill Cruz Early Education Center, a 10,500-square-foot childcare center at Albany and Connecticut streets, is a joint project of the CRA/LA, the City of Los Angeles, the Los Angeles Unified School District, the Staples Center and the Pico Union Housing Corporation (PUHC). While it is rare for the CRA/LA to help fund the construction of a childcare center, the Pico Union community lacked sufficient licensed childcare facilities. PUHC sought a mixed-use childcare center and affordable rental housing project on the current site, formerly known as Block 6. The childcare center was designed to accommodate 100 preschool children, from two- to five-years-old in five classrooms, with various other sleeping quarters, play areas, patios and a kitchen. A future, infant care program is also planned. The Center commenced construction in May, 2002 and opened its doors in August of 20031996 Miramar, Sunset, Hollywood Oarkview, Mid-Wilshire ApartmentsTwo groups were initiated: The Parents in Action and Teens in Action. Discussing the importance of restoring and revitalizing the community, the Home Ownership and Restoration Program (HORP) was formed and incorporated into the Pico-Union Housing Business Plan and earmarked to begin in the year 2002. 1995 Marina, Mercedes, & Elden Apartments1997 PUHC developed the Neighborhood Computer Distant Learning Center. The center offers residents an opportunity to learn job skills to improve their lives and become economically independent citizens of our society. The center has four satellite locations with technologically advanced interactive telecommuting capabilities. Besides teaching the most advanced computer software, the center also provides adult basic education, pre-GED preparation, and ESL classes provided by a Charter School. PUHC strives to create opportunities for resident empowerment and increased self-sufficiency.1994 Luisa ApartmentsPUHC acquired from the Resolution Trust Corporation and performed a major rehabilitation of Luisa Apartments, located in East Los Angeles. This project was financed with funds from the Los Angeles Housing Department (LAHD), 9% tax credits, and a private loan and guarantees from PUHC. Restructuring the plans, the original units were reduced from 61 to 56 and a community and educational center, complete with a kitchen and a computer center was created. 1993 Expansion of Affordable HousingPUHC expanded its boundaries to create affordable housing in the Temple-Beaudry, West-Lake. Las Brisas Apartments, a 30 unit building consisting of 1, 2 3 and 4 bedrooms was financed with funding from Los Angeles Housing Department (LAHD,), 9% tax credits, and a private loan and guarantees provided by PUHC.1992 Bellevue ApartmentsPUHC acquired from the Resolution Trust Corporation and performed a major rehabilitation of Luisa Apartments, located in East Los Angeles. This project was financed with funds from the Los Angeles Housing Department (LAHD), 9% tax credits, and a private loan and guarantees from PUHC. Restructuring the plans, the original units were reduced from 61 to 56 and a community and educational center, complete with a kitchen and a computer center was created. 1982 two additional housing developmentsPUHC completed two housing developments, one with 8 – 2 bedroom units and the other with 18 singles and 8 one bedroom units. The development consisted of three move-on housing developments donated by the Century Freeway during the time they were demolishing housing to build the Century Freeway. With the financial help of various government agencies, the three properties (26 units) where successfully relocated and restored by PUHC.1982 Seven Housing developments on 24 scattered sites.PUHC and the residents of the community achieved realization to their hard work with the completion of seven housing developments on 24 scattered sites. Five developments were new construction with 21 scattered sites consisting of 12 four bedroom, 67 three bedroom, 20 two bedroom and 10 one bedrooms. Three housing developments were move-on housing consisting of 4 two bedrooms, 13 one bedrooms and 9 single apartments. During this year PUHC achieved the completion of 135 residential units. 1979 First Elderly BuildingPUHC achieved completion of its first elderly building: 115 one bedroom units dedicated to the elderly and the handicapped. The development was funded with a loan from the 221 (d)3 HUD program and a Section 8 Based Contract to subsidize the low income Elderly tenants.1976 Completion of 38 Residential unitsPUHC realized the completion of 38 residential units with one, two, three and four bedrooms. First Housing DevelopmentPUHC realized the completion of its first housing development, two properties named Square I and Square II with a total amount of 18 units of 3 bedrooms and two bathrooms each.The development was funded with loans from the 236 program from the U.S. Department of Housing and Urban Development and a Section 8 Based Contract.1971 The beginning of a long journeyFounded in 1971 its main purpose was to address two acute problems affecting the Pico Union community: housing and adult employment. The area suffered a change in zoning, from residential to a mix of commercial/industrial. As result, the first commercial construction to damage the community was Pep-Boys, a mini industrial center. The residents of the community, outraged at what they were experiencing, (commercial vs. residential) initiated a series of demonstrations to reject the change. Because of these demonstrations, various agencies of the Federal, State and local government got together and made available funding to replace the demolished housing. Pico Union Housing Corporation (PUHC) was born out of this movement.PUHC’s mission statement is no longer limited to develop affordable housing; it also includes a commitment to cultivate economic development projects to improve the socioeconomic level of the area and to address the needs and concerns of residents in all of the neighborhoods it develops in. It has pursued this goal through the preservation and development of affordable housing, and is one of the oldest and the leading grassroots, community based, non-profit housing developers in Los Angeles. As local neighborhood conditions have changed over the years, PUHC has expanded its original mission to include providing broadly based social programs to improve the community and economic welfare of Pico Union residents. 1965 Pico union housing FormationConcerned residents of the Pico Union neighborhood joined together to share ideas and establish priorities for improving the physical maintenance of the community as well as addressing sociological issues to enhance the sense of family among its residents and community. The first undertaking was the development of a community park. Neighborhood youths were employed for the labor and development, which resulted in a significant decrease in the neighborhood’s prevailing crime rate. Encouraged by the success of the crime deterrent programs, the Pico-Union Neighborhood Council (PUNC) was formed and granted a three-year cycle grant by the California Council on Criminal Justice to further develop community recreational facilities. In partnership with the Los Angeles Department of Parks and Recreation, seventeen additional community parks were developed throughout the City of Los Angeles. First of four pocket parks developed by PUHC Whatsworth Place Apartments Pico Union Housing Corporation is a community based nonprofit organization created in 1971 and dedicated to providing housing, employment and training for low-income residents.