From the Housing Authority of the County of San Bernardino's press release:
The Housing Authority of the County of San Bernardino (HACSB) and National Community Renaissance (National CORE) celebrated with partners and residents the opening of the Crestview Terrace community in San Bernardino. This community is the third phase in the redevelopment of the former Waterman Gardens Public Housing community, now known as Arrowhead Grove. The location at the corner of Waterman Avenue and Baseline Street has continuously been the site of affordable housing since 252 Public Housing units were constructed there in 1942, and has been home to hundreds of families over more than 70 years. In 2013, HACSB partnered with National CORE to redevelop the aging property and bring new opportunities to the community. Previously completed phases include Valencia Vista and Olive Meadow.
Crestview Terrace includes 184 affordable and market-rate units, and completes the 1-for-1 replacement of the original 252 Public Housing units. Additionally, the community brings 33 new affordable housing units to help address the growing housing crisis. To make the vision a reality, the partners leveraged multiple tools including Low-Income Housing Tax Credits, HUD’s Rental Assistance Demonstration (RAD) program, and a one-of-a kind HUD-approved Moving to Work rent structure modification to creatively address funding limitations. “The redevelopment of this community will help ensure that much-needed affordable housing continues to be available to San Bernardino families into the future, and creates new and lasting opportunities for economic development,” said Maria Razo, HACSB Executive Director.