CHIP is planning a new affordable housing community in Magalia

By Mark Montgomery Director of Fundraising & Communications

Community Housing Improvement Program (CHIP) is in the very early development/planning stages for 63 units of affordable housing in Magalia. The development aims to serve families and individuals, as well as target seniors and persons with disabilities. The new housing community, Lakeridge Circle Apartments will be on 18 acres (8 contiguous lots) on Lakeridge Circle, starting at the north corner and ending just north of Lakeridge Park parking lot.

Lakeridge Circle Apartments will serve households between 30-50% of the Area Median Income for (AMI) Butte County. There will be 8 two- story apartment buildings consisting of 1,2 and 3 bedroom units. There will also be one resident community building. Amenities include an onsite laundry room, computer lab, community garden, and an outdoor recreation area. Resident services will be offered on-site by CHIP staff and volunteers. In addition, CHIP intends to partner with Paradise Recreation and Park District to enhance pedestrian connectivity to the future Lakeridge Park as well as development of intergenerational programming at the park’s community center.

Currently, CHIP is in the design and community input phase for the development. If funding is secured, construction could start as soon as 2025. More information, including site plans, may be found on the blog section of CHIP’s website at chiphousing.org.