Chico Bar Triangle

Chico Bar Triangle is a multi-family residential low-income housing community located in Chico, CA. The development is a partnership with the Housing Authority of the County of Butte and the City of Chico. It consists of 70 units, including one manager’s unit and containing one, two- and three-bedroom units. The 70 units include 18 one-bedroom units, 34 two-bedroom units, which includes the 1 two-bedroom manager unit., and 18 three-bedroom units. One hundred percent of the units will be rent restricted to individuals with incomes ranging from 30%-60% of the Area Median Income (AMI). 

The project includes a 2,802 square foot community building, including a fully furnished multipurpose room with television and video capabilities, a kitchen, restroom facilities, manager offices, and service providers office. In addition, there is a centrally located recreational open space with a network of walkways connecting the site along with barbeque/picnic areas, tot lot, and space for residents to enjoy the outdoors. 

Chico Bar Triangle was financed in part by 9% federal and state tax credits, which was awarded in 2023, and a $14M CDBG-DR Loan committed by the City of Chico. Construction started in the spring of 2024 with an anticipated completion date in the winter of 2025.