Photo by Nicholas Noell

A low-income North Long Beach apartment building celebrated the completion of a $9M mostly state-financed facelift Thursday, when renovated unit interiors, high-efficiency plumbing and electrical systems and landscape improvements were unveiled. 

Originally built in 1964, the two-story Belwood Arms apartments on Atlantic Ave. was in poor shape when the California Statewide Community Development Authority (CSCDA) agreed to back $7.5 of its rehabilitation with tax-exempt financing in 2011. A partnership between the Long Beach Community Investment Company, Hunt Capital Partners, Ashwood Townhomes and Davila Properties–who agreed to fund the remaining costs of the restoration–has brought the property back to life with 34 apartments that are guaranteed to provide affordable rental living to some of the poorest residents of North Long Beach for a period of at least 55 years. 

belwoodarms2“As part of our Uptown Renaissance, the Belwood Arms development is a great addition to the community and helps further support our vision for modern, safe and attractive housing options for the City’s residents,” said 9th District Councilmember Steven Neal, who has focused a lot of attention on cleaning up the Atlantic Corridor where Belwood Arms is located. 

According to the City, the apartment complex includes 12 one-bedroom units with rents near $635 and 22 two-bedroom units with rents priced under $777, representing rents considered affordable to households earning between 50 and 60 percent of the area’s median income.

The restoration effort included new roofing and flooring, updated appliances and lighting as well as environmentally friendly renovations to the building as a whole. Residents will also benefit from access to after-school programs, adult education services, job training and health programs at little or no cost.

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