Thumbnail photo by James Brooks
The Los Angeles-based nonprofit developing Battery Point Apartments has obtained the additional grant dollars it needs to pay its subcontractors and resume construction, its president told Crescent City councilors Monday.
Bill Rice told councilors that Synergy Community Development Corporation closed on an additional $9.7 million in federal HOME Investment Partnership Program dollars from the California Department of Housing and Community Development.
In addition to paying its subcontractors by the end of the week, Synergy is bringing in additional construction management to help its general contractor get back to work on the 162-unit affordable housing development at Gary and E streets, Rice said.
Continue reading Developer Says Construction Will Resume on Battery Point Apartments

