ANAHEIM
The City Council will consider whether to approve loans for two affordable housing projects for seniors on Gilbert Street and West Lincoln Avenue. South Gilbert Street Partners has asked for a $500,000 loan to build a 34-unit project, which would house seniors with incomes ranging from 35% to 50% of Orange County’s median income. LNR West Lincoln Inc. has requested a $806,672 loan for a 132-unit project in which 80% of the units would be rented to seniors with incomes ranging from 35% to 60% of the median income.
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