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The Palace
Site
•   Long Beach, CA; foster care population of more than 1000 young people, as reported by the Long Beach Health and Human Services Division
•   Creates transitional homes for former foster youth in abandoned hotel
•   Designated as a local historic landmark
Features of The Palace
•   Certified LEED Platinum
•   One two-story brick building with approximately 11,500 square feet
•   Community room with computers, kitchen, two counseling rooms,
and manager’s office
•   Roof-top patio for youth to relax and enjoy the weather
•   Small retail space
•   Photovoltaic panels and fuel cell technology for energy production
Product Mix: 14 Units
•   14 studio units, each with kitchen and bathroom
•   2 units at 30% AMI
•   2 units at 35% AMI
•   9 units at 40% AMI
•   1 manager unit
Proposed 2011 rents*:
•   Studio apartments from $416
•   The project received a Housing Assistance Payment contract through the Housing Authority of the City of Long Beach, which will allow the tenant rents to be based on 30% of each resident’s income

*Rents subject to change

 
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