Chino Marks Groundbreaking of Ivy at College Park
CHINO, CA, October 23, 2012---The City of Chino will celebrate the groundbreaking of Ivy at College Park at 5950 Notre Dame Avenue today. The program, featuring Mayor Dennis Yates and BRIDGE Executive Vice President Kimberly McKay, will begin at 11 am, followed by a groundbreaking photo and refreshments.
This development is the first in San Bernardino County to be developed by BRIDGE Housing, a leading nonprofit developer, owner and manager of affordable housing.
Ivy at College Park is located on a 6.7-acre site within the 200-acre College Park master plan area, adjacent to the Chaffey College Chino Campus. When complete in early 2014, Ivy at College Park will offer 135 affordable family apartments in 10 residential buildings, along with amenities such as a swimming pool, community room and computer lab.
Rents for the one-, two- and three-bedroom apartments will be affordable to working families earning $25,320 to $31,650 (40-50% of Area Median Income). The property, which will be GreenPoint Rated, will feature a robust solar thermal hot water system.
"We are delighted to bring high quality affordable apartments to College Park," said BRIDGE President and CEO Cynthia Parker, "and we commend the City of Chino for its commitment to creating housing opportunities for people across a range of incomes."
Financing for the $33.4 million project is being provided by Wells Fargo Bank, the City of Chino, the California Tax Credit Allocation Committee/California Debt Limit Allocation Committee and the California Department of Housing and Community Development. The architect is KTGY.