North Point Apartments Featured in National Newsletter

Monday, Feb 10, 2020

Exemplary Work

Community Action Agency of Butte County was featured as a Member Highlight in the National Community Action Partnership Community Economic Development E-newsletter for its successful work with the North Point Apartments. Our project is just one example of what community agencies can and continue to do to address local issues. 

The North Point Apartments

Butte County North Point Aparments 2 Courtesy Amanda Scofield

The CAA of Butte County considers the provision of quality housing, that is affordable, an important part of our mission. We continue to seek opportunities to serve the housing needs of local residents especially in light of the impact of the Camp Fire Disaster on our local housing inventory.

Coming in on the tails of the 60 unit Esplanade House, the North Point Apartments were designed as a way to serve the very low and very, very low income households. These are defined as being less than 30% and 50% of the Area Median Income.

The project provides 5 one-bedroom units, 19 two-bedroom units, 26 three-bedroom units, including 4 ADA-accessible units and 2 units for persons with sensory impairments. It also features garden beds, a community center with a computer center, laundry room, and meeting space. Those who reside at North Point Apartments can also attend extra classes about finances, computer literacy and asset-building through the VITA program. 

The Economic Impact

“From a business perspective the investment of effort on the part of the Agency to continue its commitment to be an affordable housing developer was a sound one.  The income to the Agency from the $12 million project was $1 million in developer fees along with annual cash flow from deferred developer fees over the 15 years that the tax credits remain in the project.” said the National Community Action Partnership newsletter.

City Planners hoped the city of Chico would develop around the apartments, and that has indeed happened. Residential, commercial, and retail developments have sprung up on the north end of Chico near DeGarmo Park and Eaton road. 

 

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