The development will be a 60-unit senior apartment community consisting of 49 one-bedroom units and 11 two-bedroom units, plus 1 manager unit. The units are configured in a single three-story podium building. Recreation areas include the community center, seating/reading areas, swimming pool and a circuit-training course around the site.

Ample open space will provide several passive and active recreational opportunities. The community center will provide indoor communal space including a kitchen, library, gym, computer lab, dining area, entertainment area and public restrooms.

Our residents will have access to relevant social services, which include classes like health and wellness or finance management. The combination of individual services and community-wide programs enable us to help build strong, vibrant residential communities.

The anticipated construction period is approximately 15 months, followed by a lease up period of three months. A single asset limited partnership has been formed as the legal owner of the proposed project, Long Beach Artesia Limited Partnership. The limited partners include Western Community Housing as the Managing General Partner, Palm Communities as Administrative General Partner and WNC as Limited Partner.

The development will be financed via a $12.4M loan from Long Beach Housing Development Company, a $6.9M equity contribution from WNC, a $1.5M land seller carry back loan from Farmers and Merchants Bank of Long Beach, and a $1.3M conventional loan from CCRC.