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September 20, 2019
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Affordable Seniors Housing Project Breaks Ground in the East Bay

7/11/19

Alameda Point Senior Apartments, a 60-unit affordable rental community for seniors age 62 and older in the East Bay city of Alameda, has just broken ground. The project is being built through a partnership between Eden Housing and Alameda Point Partners (APP), along with the City of Alameda.

The project is located at Alameda Point’s Site A development project in Alameda. Site A is a $1 bil, mixed-use, transit-oriented waterfront development on the site of the former Naval Air Station Alameda, which closed over 20 years ago.

According to Stephanie Hill, a spokesperson for APP, the Alameda Point Senior Apartments will be among the first buildings constructed as part of the larger Alameda Point Site A development, led by master developer APP. “With commencement of construction of the 60-unit Senior Apartments, Eden Housing is on its way to delivering the first phase of Site A’s low and very-low income housing requirement.”

Alameda Point Senior Apartments includes 48 one-bedroom and 12 two-bedroom apartment homes that will be available to seniors with annual incomes from 20% to 60% of the Alameda County Area Median Income. Thirty units will serve seniors experiencing homelessness, of which 28 will serve veterans exiting homelessness. Supportive services will be delivered to residents through a collaboration among Operation Dignity, Eden Housing and the VA.

The $36 mil residential community development is being built using the latest green building techniques and materials and incorporates a number of green features designed to ensure its long-term energy efficiency and sustainability, including a photovoltaic system that will help power common area electricity, a solar thermal system for domestic hot water heating, bioretention basins for stormwater, a bicycle storage room and electric vehicle charging stations. Alameda Point Senior Apartment amenities include a community room with kitchen, common courtyard, laundry facility, community garden space and office space for an on-site manager and supportive services.

Funding for the development is provided by Alameda County Measure A1 Bond funds, a State of California Veterans Housing and Homelessness Prevention Program loan, contributions by Alameda Point Partners and the City of Alameda, operating support from the Housing Authority of the City of Alameda, the Federal Home Loan Bank of San Francisco Affordable Housing Program, 9% Low Income Housing Tax Credits from the California Tax Credit Allocation Committee, and debt and equity financing from Union Bank. The project is expected to create over 73 construction jobs and 19 ongoing jobs.

The project’s designer and executive architect is KTGY Architecture + Planning. The general contractor is James E. Roberts-Obayashi Corp. Completion is slated for July 2020.





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