Construction has begun on a 51-unit permanent supportive housing community in Long Beach, California.
Jamboree Housing Corp. along with city officials recently broke ground on The 101, which will be home to residents who have been homeless or at risk of homelessness and earning no more than 30% of the area median income.
“Long Beach and Jamboree understand that a full spectrum of housing for all income levels is necessary infrastructure for a city. It’s just as essential to a thriving community as transit, schools, and hospitals,” said Jamboree president and CEO Laura Archuleta.
The 101 is the third collaboration between the city and the nonprofit housing provider.
The all-electric building will feature one-bedroom apartments along with a two-bedroom manager’s unit.
“The 101 reflects Long Beach’s commitment to building a city where everyone has a place to call home,” said mayor Rex Richardson. “By investing in communities that provide stability and support, we’re not just addressing homelessness—we’re strengthening the foundation of a more inclusive, compassionate Long Beach.”
The five-story development will include a large community room with a full kitchen; dedicated offices for case management, on-site counseling, and property management; and an outdoor green area with barbecue and dining space.
Financing for The 101 includes:
- $20 million in low-income housing tax credit equity from Boston Financial;
- A $19.6 million construction loan from J.P. Morgan;
- A $3.9 million permanent loan from California Bank & Trust;
- $13.5 million from the National Housing Trust Fund through the state Department of Housing and Community Development;
- $2.1 million in Community Development Block Grant funding and $2 million in HOME funding from the Long Beach Community Investment Co.;
- 51 project-based vouchers from the Housing Authority of the City of Long Beach; and
- Up to $367,200 for services from the Los Angeles County Department of Health Services’ Housing for Health program.
