Dominium Starts Work on Two Glendale Affordable Housing Projects

Dominium broke ground on a combined 605 units for family and senior affordable housing in Glendale. Dominium currently has over 1,500 affordable homes under construction across the Valley and an additional 1,500 units proposed in the next few years. 

For the project, Merchants Capital secured more than $86.2 million in Freddie Mac 4% Low-Income Housing Tax Credit (LIHTC) Tax-Exempt Loan (TEL) Forwards for the construction of Juniper Square, a senior living community, and 67 Flats, a family housing development.  Merchants also contributed an equity bridge loan of $89 million for the projects. $179 million in construction loans from Barclays Capital, Inc. also supports the project.

The projects will restrict 100% of units to 60% or less of the area median income (AMI). Juniper Square will be a 221-unit, 55+ age-restricted property. 67 Flats will be a 384-unit midrise multifamily property. 

W.D. Construction, a joint venture between Weis Builders and Dominium Construction and Architectural Services, will construct this project.

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