22.10.2010 SBEDA No Comments

Ground Breaking Celebration of The Magnolia at highland

On Wednesday, November 3, 2010 at 11:30 am at 2120 Medical Center Drive (corner of Highland and Medical Center Drive) in San Bernardino as Mayor Patrick Morris and local dignitaries break ground on this exciting new development created for seniors age 62+. This project transforms a blighted automotive site into 80 units of high quality, affordable housing for seniors, retains a one-acre parcel of land for future sale or development opportunities, and creates a future stream of income that can be used for future developments including senior or single-family housing.

Who: City of San Bernardino Mayor Patrick Morris, Councilmember Rikke Van Johnson, Meta Housing and Western Seniors Housing Presidents.

What: The Ground Breaking Celebration of The Magnolia at Highland, a luxury senior citizen housing complex on the west side of San Bernardino.

When: Wednesday, November 3, 2010 at 11:30 am

Where: The Corner of Highland and Medical Center Drive in San Bernardino

Why: This project transforms a blighted automotive site into 80 units of high quality, affordable housing for seniors, retains a one-acre parcel of land for future sale or development opportunities, and creates a future stream of income that can be used for future developments including senior or single-family housing.

This is a milestone for the City of San Bernardino’s housing plan adopted in October of 2008. The total development cost for the project is $17.5 million. The agency’s agreed upon subsidy for the project is $7 million from Urban Development’s (HUD) Neighborhood Stabilization Program (NSP). These funds are for housing only and cannot be used for city’s general fund.

Visuals: Mayor Patrick Morris and project dignitaries break ground on this $17.5 million project.

Public: Please call Shannan Gonzales at (909) 888-0017 to R.S.V.P.

Media:   Contact Carl Dameron at (909) 888-0017 office (909) 534-9500 cell.

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