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EAH Housing Receives More Than $107 Million in Funding to Build Senior and Veterans Housing

As the need for affordable housing for seniors and veterans continues to increase, we are thrilled to announce receiving more than $107 million in funding for four of our newest developments serving these two groups.

Lightfighter Village will be a 71-unit affordable housing community for low-income and extremely low-income veterans in Monterey, California. It has received nearly $12 million in funding from the Veterans Housing and Homelessness Prevention Program (VHHP), implemented by the California Department of Housing and Community Development (HCD).

In Imperial, California, Imperial Village was awarded $2.4 million from the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Section 202 program. The Section 202 program helps fund housing construction for low-income and very low-income seniors and provides critical rental assistance. One of only two new developments in California to receive funding from the 202 program this year, Imperial Village will be a 69-unit affordable housing community.

EAH Housing received multiple funding awards from Hawaii Housing Finance and Development Corporation (HHFDC) for the development of Halewilikō Highlands and West Kawili Street Seniors/Veterans Housing, two of its two newest affordable housing communities in Hawaii.

Halewilikō Highlands in Aiea (Honolulu County) was awarded $26.75 million in Hula Mae Multi-Family (HMMF) bond financing, over $1.9 million in annual state and federal low-income housing tax credits (LIHTC), and a Rental Housing Revolving Fund (RHRF) loan of up to $23.8 million. It will be a 140-unit affordable housing community for low-income and very low-income seniors.

West Kawili Street Seniors/Veterans Housing in Hilo (Hawaii County) received multiple funding awards, including $24 million in HMMF bond financing, nearly $2 million in annual state and federal LIHTC, and $16.6 million in RHRF. Working in conjunction with Hawaii Island Veterans Memorial, Inc. (HIVM), the new development will feature 92 units and serve low and very low-income households with a preference for veterans and their spouses.