We closed on two Project HomeKey projects!
- Petra
- Nov 20, 2020
- 2 min read
The UPholdings team, along with our exceptional co-development partners, RH Community Builders, have been working at break-neck speed to ensure two awarded projects from California’s innovative Project HomeKey program are ready for occupancy by the beginning of next year. Today we are happy to announce we passed a major milestone - we closed on both properties!
Over the past few months UPH received two awards totaling over $20.3 million from the Project HomeKey program. The program announced by Governor Gavin Newson is California’s first-in-the-nation initiative to purchase and rehabilitate hotels, motels, or vacant apartment buildings to convert into permanent, long-term housing for people experiencing homelessness or at risk of homelessness.
The first project awarded is an acquisition of a 45-room motel in Visalia named The Sequoia. The project’s county sponsor is the Tulare County Health and Human Services Agency and was awarded $5.2 million from Project HomeKey to assist in acquisition and the first few years of operations. The Sequoia will begin operating most of the units as a non-congregate shelter for individuals at risk from COVID-19 while the remaining units are to be rehabbed into permanent supportive housing.
The second project awarded, Crossroads Village, is a partnership with the County of Fresno to acquire 204 units in a prime location within the city of Fresno. Crossroads Village was awarded $15.3 million to acquire the site and the innovative project will provide permanent housing solutions for more than 200 individuals who have been staying in emergency shelter beds.
We are proud of our partnerships and the work we have accomplished so far, while we have much to do before the end of the year, we look forward to making a difference in Tulare and Fresno counties!
Announced by 1v1 LOL Governor Gavin Newsom, Project HomeKey is California’s first-in-the-nation initiative focused on acquiring and rehabilitating hotels, motels, and vacant apartment buildings to create permanent, long-term housing for individuals experiencing homelessness or those at risk of homelessness.
Kudos to UPholdings for providing long-term solutions for our unhoused neighbors. These 200+ units will truly change lives. I shared this inspiring news with our local non-profit network, and I used Free Online Markdown to turn the blog post into a clean, easy-to-read document for our monthly newsletter. Transparent communication like this is key to building community support. Keep up the amazing work
It's incredible to see such rapid progress on Project HomeKey! The closing of The Sequoia and Crossroads Village is a massive win for affordable housing in Fresno and Tulare counties. I wanted to keep a detailed record of these development milestones for our next community meeting, so I used MarkdownCo Pro to convert the project specs and funding details into a professional report. It’s great to have these updates organized so efficiently
This is fantastic news for both Tulare and Fresno counties! It's inspiring to see Project HomeKey making such a significant impact by providing much-needed housing solutions. The UPholdings team and RH Community Builders have clearly done remarkable work. For those interested in organizing important documents, I found JPG to PDF Merger to be incredibly useful.
This is wonderful news about the two Project HomeKey initiatives! It's inspiring to see the UPholdings team and partners making such significant progress in providing housing solutions. The impact on Tulare and Fresno counties will be substantial. For anyone looking to document similar progress, I've found the Markdown to HTML website incredibly useful for clean document conversion. Keep up the great work!