Diamond Bar Senior Project to Be Started
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Ground will be broken this month in Diamond Bar for a 149-unit apartment, the first of five senior citizen housing projects, totaling 845 units, to be constructed by the Corporate Fund for Housing, a regional nonprofit development corporation.
The project is at the southwest corner of Highland Valley and Overlook Ridge roads. Completion is set for next April.
Financed by a $57.5-million Los Angeles County bond issue, the program will include projects in Lakewood, La Verne, Monrovia and Whittier.
Fred Kahane, the group’s president, said 20% of the apartments will serve low-income residents. Rents for the subsidized one-bedroom units will be about $350 and for the two-bedroom units, from $375 to $400.
Rents for those not subsidized will range from $500 to $550 for one-bedroom units and about $650 for two-bedroom units.
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