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12/24/20
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Fair Oaks Commons, a new, 100% affordable residential rental community in Redwood City, has been completed and is now welcoming tenants. The project, located at 2821 El Camino Real, is a development of Alta Housing.
The new, four-story, 67-unit residential development located in unincorporated San Mateo County’s North Fair Oaks neighborhood, will provide independent living for low-income families, veterans, and formerly homeless households earning between 30% to 70% of the area median income.
Alta Housing has partnered with the Menlo Park Veterans Affairs office, County of San Mateo Behavioral Health & Recovery Services, and the Mental Health Association of San Mateo County to provide supportive services to the residents. John Stewart Company will provide on-site management and the services agencies will provide resident engagement, assistance with accessing community resources, job readiness programs, financial planning courses, counseling services, and case management services.
On-site amenities include a community room with a kitchen, technology lounge, on-site laundry, and elevator access to every floor. The spacious courtyard features outdoor fitness equipment, a picnic area, and a barbeque grill. Additional indoor lounge areas are available on the second and third floors.
On-site parking, accessible via El Camino Real, provides parking for 51 cars, including three handicap-accessible spaces. To encourage the use of sustainable means of transportation, enclosed bicycle parking and a bicycle repair station are provided for residents. In addition to the 45 resident bicycle parking spaces, four bicycle outdoor parking spaces will be provided for guests.
Sustainable design is another key benefit. Targeting LEED Gold certification, the building design features and technologies include the use of solar panels for hot water preheat and common area lighting. The residential community includes energy-efficient appliances, recycled materials with low VOC content, drought-tolerant landscaping, and metal sunshades and awnings to reduce heat gain.
Financing for the approximately $42 mil development was provided by the County of San Mateo through voter-approved Measure K, Wells Fargo Bank, N.A., Federal Home Loan Bank of San Francisco, and California Community Reinvestment Corporation. Acquisition funding was provided by Housing Endowment and Regional Trust of San Mateo County. The project is also supported by 27 HUD-VASH vouchers and 32 Section 8 vouchers awarded by the San Mateo County Housing Authority.
Wells Fargo Bank provided the financing for construction. Wells Fargo Affordable Housing and Community Development is the tax credit investor.
The project’s designer is Dahlin Group; the general contractor is L&D Construction; LUK and Associates is the civil engineer; Emerald City Engineers is the mechanical electrical and plumbing plans (MEP) engineer; and The Guzzardo Partnership is the landscape architect.
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