Saturday, 15 June 2024

New senior housing community taking applications

CLEARLAKE – Olympic Village Apartments, Clearlake’s newest senior affordable housing community, has announced the completion of Olympic Village.


Applications are now being taken for units in the complex, which is offering move-in specials.


Olympic Village Apartments is a brand new, 54-unit community consisting of one- and two-bedroom apartments ranging in size between 530 and 750 square feet.


Each apartment home has plush carpeting and vinyl flooring, window treatments, all kitchen appliances, central air and heat and washer/dryer connections.


The common area includes a recreational and community room including kitchen facilities, social areas and lounge seating, and spacious laundry center. Computers are available with online access.


The community was constructed in 2008 and is currently leasing. The development was designed by KTGY and constructed by National Affordable Communities Inc. and the Central Valley Coalition for Affordable Housing as the nonprofit partner. Financing provided by AIG Sun America.


National Affordable Communities Inc. and its joint venture partners are dedicated to providing affordable housing to cities and counties throughout California, and they specialize in the development of low income housing, under Section 42 of the Internal Revenue Code, Tax Exempt Bond financing.


The participation of and endorsement by cities and counties allow the partners to provide lower than market rents to qualified tenants. By providing very affordable rents, residents are able to save their resources to get a better education to improve their economic situation and overall life experience.


Affordable housing communities often serve larger social needs as well, helping to stabilize and reinvigorate neighborhoods in decline, or creating “infill” housing opportunities in redevelopment areas. National Affordable Communities Inc. strive to deliver an attractive product that is in distinguishable from market-rate apartment complexes in the surrounding community.


Olympic Village is managed by Buckingham Property Management.


Please call 707-994-2408 for several move-in specials. Visit the property at 15097 Olympic Drive, Clearlake.


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