HOPE Launches Capital Campaign to Fund Rehab at Newly Acquired Housing for Six People with Developmental Disabilities in Long Beach
This summer HOPE is launching a capital campaign to raise $200K to fund renovations of its new housing on Redondo Avenue in Long Beach. Donations to this fund will go directly toward property improvements to increase safety, access, and aesthetics before residents move in at the start of the new year.
HOPE acquired this eight unit multi-family building in May 2018. Upon completion of rehab, this location will provide affordable housing for six people with developmental disabilities, and one unit will be reserved as office space for onsite support staff. The building includes two 2-bedroom units, two one-bedroom units, and two studios, as well as four garages.
“The City of Long Beach is very happy to be involved in this project, and we are proud of the work that HOPE does to provide affordable housing opportunities and support services for individuals with developmental disabilities in our community.”
While the existing configuration of the housing layout will remain the same, HOPE is scheduled to complete renovations that include new flooring, interior paint, kitchen fixtures, appliances, kitchen & bathroom remodels, and heating repairs.
This new housing on Redondo Avenue was purchased for $1.8 million through HOPE’s internal capital, investment of HOME funds from the City of Long Beach, and financing through Clearinghouse CDFI.
“We are moving quickly to address the affordable housing crisis for the people we serve,” says HOPE Executive Director Kristin Martin. “This type of Independent Living model, which also provides needed onsite supports, offers our residents the very best chance at success.”
Renovations are scheduled to start in November, with a target move-in date for residents in January 2019. A grand opening celebration is planned for later that spring to commemorate the hard work, sacrifice, and dedication of this project’s community partners and donors.
Join HOPE in these efforts by contributing to our capital campaign! Your gift does more than put a roof over someone’s head, it creates independence and empowerment that serves as a foundation for people with I/DD to succeed in work, volunteering, education, and socialization. Please consider supporting our mission.