Nonprofit developer Linc Housing and Riverside Community Housing Corp. have launched construction on The Blossom, a 48-unit apartment community in Beaumont for families earning at or under 30% of the area median income for Riverside County. The Blossom joins Liberty Village as Linc Housing’s second affordable community in Beaumont.
“Nearly half of all families in Beaumont are rent burdened, which means they’re paying more than 30% of their income on housing,” said Suny Lay Chang, president and COO, Linc Housing. “The Blossom is for larger families that need an affordable home.”
The development is funded by a variety of sources, including the State of California Multifamily Housing Program, a construction loan from PNC Bank, and tax credit equity from Raymond James. Project-based housing vouchers will be provided by the County of Riverside.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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