HomeMy WebLinkAbout4.12.22 Press Release_ Local, State and Federal Officials Celebrate Housing Growth in Butte CountyFrom:McAfee-Bowersox, Miranda
Subject:Press Release: Local, State and Federal Officials Celebrate Housing Growth in Butte County
Date:Tuesday, April 12, 2022 4:46:48 PM
Attachments:image001.png
FOR IMMEDIATE RELEASE
April 12, 2022
CONTACT
Miranda Bowersox
Butte County Public Information Officer
MMcAfee-Bowersox@buttecounty.net
530.282.2146
LOCAL, STATE AND FEDERAL OFFICIALS CELEBRATE HOUSING GROWTH IN BUTTE COUNTY
Oroville, Ca-- Local, state, and federal officials will attend a ground breaking ceremony at The Olive Ranch Senior
Apartments, located at the corner of Grand Avenue and Table Mountain Boulevard in Oroville, on April 14, 2022 at 3:00
PM. The ground breaking ceremony celebrates housing growth in Butte County, a county continuing to struggle with
housing recovery after recent catastrophic fires.
The Olive Ranch Senior Apartments will target housing specifically for lower-income seniors, funded in part by disaster
recovery funding. It will consist of one three-story building with 51 one- and two-bedroom apartments. The location will
take advantage of exceptional views of Table Mountain, the Oroville Dam, the Feather River, Downtown Oroville, and
historic Table Mountain Bridge.
Funds for the project development are from a 9% Tax Credit Equity Program, Community Development Block Grant-
Disaster Recovery Multifamily Housing Program, and a private loan.
Butte County’s federal and state representatives who have advocated for funding to support disaster recovery will be in
attendance: Doug LaMalfa, United States House of Representatives, California’s First District; James Gallagher, California
Assembly, Third District; and Jim Nielsen, United States Senator, California’s Fourth District. The Chair of the Butte County
Board of Supervisors and Oroville City Mayor will be there to welcome more housing to the rapidly growing City of Oroville.
Also at the ground breaking will be representatives from the U.S. Department of Housing and Urban Development,
California Department of Housing and Community Development, and Butte County, who funded $1.6 million of the project
through the Community Development Block Grant-Disaster Recovery Multifamily Housing Program.
The project developer is K2, a north state company with 20 years of experience developing similar multi-unit housing
complexes. The Managing General Partner will be Community Revitalization and Development Corporation with expertise
in managing apartment complexes. Modern Building of Chico, California is the contractor offering their extensive building
experience to the project.
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Miranda Bowersox
Communications/Public Information Officer
Butte County Administration
25 County Center Drive, Oroville Ca. 95965
T. 530.552.3320 M. 530.282.2146
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