The rapid lease-up confirms the strong demand for this type of housing. Due to the property’s high visibility and targeted marketing efforts through local churches, social service providers and senior centers, all of the apartments at SEASONS at Ontario Gateway Plaza were rented immediately after opening. Many of the residents are long-time Ontario residents, who were happy to be able to stay within the community, close to friends and family and yet remain independent as they “downsize” their residence and give up their cars. The close proximity to shopping, services and medical care make this community an ideal location. The rents are $ 410 to $597 a month, two thirds of the current market rate. The one- or two-bedroom units range from 529 square feet to 730 square feet. The project includes a variety of amenities and services for seniors, including a central clubhouse for community activities.

 
SEASONS at Ontario Gateway Plaza is managed by LINC Housing’s own Community Housing Management Services, whose staff is on-site to support residents, maintain facilities and manage operations.

LINC Housing is a nonprofit agency that builds and preserves affordable housing throughout California. LINC preserves affordable housing in several markets, including, urban core and inner cities, high-priced suburbs and rural communities. Approximately 50% of LINC’s total holdings are rented to residents at or below 60% of their Area Median Income. LINC is an acronym for Limited Income Communities and is the outgrowth of the Corporate Fund for Housing formed by the Southern California Association of Governments (SCAG) in 1984 to address the need for affordable housing on a regional basis. Since its formation, LINC has entered into a series of development partnerships, both public and private, to build and preserve affordable housing communities through acquisition and rehabilitation of expiring Sections 8 and 236 units, as well as new construction, historic preservation, and purchase of manufactured home parks. All together, LINC has developed over 4,000 units in 27 communities across the state of California.

Collaboration with public agencies and nonprofit development organizations such as LINC, provides access to federal grants and foundation support through nonprofit entities that are usually mission driven and committed to affordable housing and community development. Public agencies — especially public housing authorities — can also provide access to municipal, state or federal funds in the form of grants, tax credits and other incentives. Working with groups such as LINC, many cities are addressing the need for affordable housing by initiating marketing campaigns, assembling and writing down costs of developable sites, upgrading infrastructure and improving the regulatory process. Others are experimenting with educating real estate agents, tweaking tax increment financing approaches, and mounting pilot projects. Many of these public programs operate as part of a larger, ongoing housing and neighborhood conservation programs such as the traditional assistance programs funded by community development block grants and federal and state assisted housing programs. These include initiatives of the U.S. Department of Housing and Urban Development (HUD). City housing programs have also taken full advantage of low-income tax credits and historic preservation tax credits to attract private market housing investments. Fannie Mae and Freddie Mac, along with other lending institutions, also play a significant role in providing affordable housing.   Continue »

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