Jamboree Breaks Ground on Park Avenue Chico Affordable Housing
WHO: Jamboree Housing Corporation, a leading nonprofit affordable housing developer in California Butte County Affordable Housing Development Corporation
WHAT: Park Avenue Chico Groundbreaking Photo and Interview Opportunities
Jamboree: Laura Archuleta, President and CEO; staff members
City of Chico: Vice Mayor Kasey Reynolds, City Council members
County of Butte: Supervisor Tami Ritter, District 3, Butte County Board of Supervisors
Butte County Affordable Housing Development Corporation: Ed Mayer, Executive Director
Jesus Center: Amber Abney-Bass, Executive Director
Banner Bank: Waheed Karim, Vice President, Affordable Housing Lending California
CREA: Richard Shea, Senior Vice President, Acquisitions
WHEN:Tuesday, February 1, 2022 10am to 12pm (outdoor ceremony begins at 10:30a)
WHERE:1297 Park Avenue, Chico, CA 95928
WHY: The city’s need for more quality affordable housing is great, especially since Butte County was the epicenter of the 2018 Camp Fire. As the deadliest and most destructive wildfire in the state’s history, the blaze destroyed more than 18,000 structures – nearly 75% of which were residential homes. Currently, there are one- to three-year waitlists for affordable units in Chico. Park Avenue Chico is among many efforts to rebuild this entire community.
HOW: As Jamboree’s first affordable housing community with the City of Chico, this collaboration is bringing together partners from the private sector and government agencies to create more affordable housing – especially for low-income and extremely low-income households. The new construction of Park Avenue Chico (the current working name) will create 59 homes for individuals, working families, vulnerable seniors, and those with special needs.
In partnership with the Butte County Affordable Housing Development Corporation (BCAHDC) and encouraged by the new Park Avenue corridor plan, Jamboree will transform the former site of the Jesus Center – a local nonprofit that works with the community to restore those suffering from isolation to community integration in response to the complexity of homelessness, hunger, and poverty – into permanent housing with supportive services. This furthers the city’s strategic goal to promote accessible housing for extremely low-income households while also continuing to revitalize and diversify Chico’s downtown area.
With reuse of the site that will extend its legacy of helping those with challenges, the new Park Avenue Chico development will reserve 27 apartments for individuals with special needs. Jamboree and its partners will provide ongoing property management and supportive services to all residents. Anticipated opening is summer 2023.
Property Fact Sheet: Available upon request
About Jamboree: Founded in 1990, Irvine, CA-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates, and manages permanently affordable rental and ownership housing throughout California for working families, seniors, and people with special needs. A leading community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities. It currently has $1.1 billion in affordable housing projects in its development pipeline and a portfolio value of $3.2 billion that includes the development of and/or ownership interest in 10,000+ homes in more than 100 California communities. Currently, Jamboree’s Community Impact Group offers resident services that foster learning, health and wellness, and community building at 34 Jamboree communities with designated staff at each location. For more information, visit jamboreehousing.com and follow Jamboree on LinkedIn, Facebook, and Instagram at @JamboreeHousing.