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    $622,100 Loan Creates Affordable Group Home for Developmentally Disabled Individuals

  • detail image of project

    $622,100 Loan Creates Affordable Group Home for Developmentally Disabled Individuals

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Bay Area Housing Corporation

Bay Area Housing Corporation (BAHC) is a nonprofit organization serving individuals with intellectual/developmental disabilities (I/DD) and their families. BAHC’s mission is to improve lives by creating and maintaining quality housing that meets the needs of individuals with I/DD and those of the community.

Clearinghouse CDFI financed a $622,102 loan for BAHC to acquire a single-family home that will function as group home for individuals with severe I/DD.

The new group home will serve four total residents requiring 24-hour, non-medical health care. Enhanced Behavioral Health Support Services include extra staff, supervision, consultation, a secured perimeter, and other safeguards carefully designed for residents lacking hazard awareness and impulse control. Three of the four units will also be designated as affordable.

Download the PDF: Just Funded – Bay Area Housing Corporation

20CA-4309

“2020 was a challenging year to secure lending on a rare housing property in rural San Benito County.  We approached several of our lending partners from previous deals only to be turned away.  Then CCDFI entered the picture. They stepped-up for us on this property when others wouldn’t. We are now in the process of adapting that home to meet the needs of individuals with intellectual &/or developmental disabilities. Thank you CCDFI for making this home possible.”
- Regina Reilly, Chief Storyteller, BAHC
Financing Provided:
622,100 Loan
Location:
Watsonville, CA
Impact:
- Establishes Quality Home for 4 Individuals
- Offers 24-Hour Care & Support Services
- 3 of 4 Total Units will be Designated Affordable
Purpose:
Creates Affordable Group Home for Individuals with Severe Intellectual / Developmental Disabilities
Year Funded:
2021
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