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1/18/21
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Alta Housing (formerly Palo Alto Housing ) has broken ground on Wilton Court, a new 100% affordable residential rental community in Palo Alto. The new 59-unit residential development, located at 3705 El Camino Real, will provide independent living for a mix of single- and two-person households earning between 30% to 60% of the area median income.
Twenty-one of the units are reserved for adults with intellectual or developmental disabilities. Wilton Court is also the first development to use the city’s newly created affordable housing combining district.
The new, four-story development is located at the corner of El Camino Real and Wilton Ave, in Palo Alto’s Ventura neighborhood, and is within walking distance of a grocery store, retail and restaurants, parks and public bus transportation. Wilton Court is also situated near a range of community services, employment centers and education.
Financing for the $46.3 mil development is provided by the City of Palo Alto, Santa Clara County, Wells Fargo Bank, N.A., Enterprise Community Partners, California Community Reinvestment Corporation, California Tax Credit Allocation Committee, California Department of Housing and Community Development, and California Municipal Finance Authority.
The project’s designer is PYATOK and the general contractor is L&D Construction Co Inc. The new development is slated for completion in summer 2022.
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