Congratulations to everyone at Christian Church Homes. For the first time in 12 years, we have closed a $35 million new construction financing deal for Piper Way Senior Apartments. The project will include 60 units of quality, affordable housing for low-income senior residents to be built on two-plus acres of excess church land in Redding, CA. The community also will include six units for formerly homeless seniors with mental illness and nine units for seniors with a developmental disability. This is the first time housing units for seniors with disabilities have been funded by the California Department of Developmental Services.
We thank all our partners and are especially proud of the diligent work of CCH staff, including our Vice President of Real Estate Development Sidney Stone and most especially Project Manager Jevon Allen. They have worked tirelessly over the course of many years to complete all the necessary paperwork to finance this project which will bring much-needed and well-deserved housing to the local community. Kudos to all for a job well done.
