California City Celebrates Groundbreaking of New Affordable and Luxury Communities
- Sep 28, 2015
Hayward, Calif.—The City of Hayward celebrated the groundbreaking of three new residential communities.
Eden Housing is the developer of two affordable communities. Located on the site of the former South Hayward BART overflow parking lots, the new developments will offer a total of 151 affordable apartments. AMCAL Equities is the developer of a market-rate community of 206 luxury apartments off of Dixon Street adjacent to the BART station. Both developments received transit-oriented development (TOD) grants from the California Department of Housing and Community Development.
“These developments are milestone achievements for the City of Hayward because they represent the principles and values of our community: inclusiveness, perseverance, sustainability and imagination,” said Hayward Mayor Barbara Halliday. “The South Hayward BART Communities have been in the making for many years and we are so grateful to the many partners who helped make them happen, especially Eden Housing and AMCAL.”
The Eden Housing development is known as the South Hayward BART Family & Seniors Communities. The two communities will be comprised of adjacent five-story standalone buildings with a common courtyard and will provide 87 affordable rental apartments for families and 64 affordable rental apartments for seniors, age 62 or higher. Residents will have annual incomes within 30 percent and 50 percent of the Alameda Country area median income. For a family of four, this equals household incomes between $27,850 and $46,450, respectively.
“With available housing in short supply, especially affordable rental housing, these two transit-oriented developments will be a great benefit to hundreds of East Bay families and seniors,” said Senator Bob Wieckowski, a member of the Senate’s Transportation and Housing Committee. “The collaboration among Eden Housing, AMCAL Equities, the City of Hayward, BART, state and federal agencies, and the private sector, demonstrates a commitment to smart growth. The Legislature’s approval of two key affordable housing financing bills (SB 35 and SB 377), gives Governor Brown the opportunity to expand access to more affordable housing in California.”
These new communities will transform what was previously the South Hayward BART overflow parking lots into high quality, well managed residential apartment communities.
“The City of Hayward was willing to take a risk on this project in 2011,” stated State Assembly Member Bill Quirk (AD-20), who served on the Hayward City Council from 2004 to 2012. “Their foresight has been rewarded.”
Community grounds include a 10,000-square-foot shared courtyard with a large playground, community gardens and a spacious BBQ area with picnic tables. Each community will have a computer center and a large community room, and the building for seniors will have a fitness and health center. Through Eden’s free Resident Services, residents will be provided with technology training, financial literacy classes, energy and water use efficiency education, health, wellness and safety programs.
The $53.5 million development is using the latest “green building” techniques and materials, incorporating green features designed to ensure long-term energy efficiency and sustainability such as a photovoltaic system that will power 80 percent of the common areas’ electricity and a solar thermal system for domestic hot water heating. Units will be energy-efficient and utilize low-flow plumbing fixtures to reduce water usage. The buildings will be certified with a GreenPoint Rating of 149 and designated as EnergyStar buildings, making them 28 percent more efficient than California energy standards (Title 24).
The South Hayward BART Family & Seniors Communities is financed with state and federal Low Income Housing Tax Credits (LIHTC) with financial support from the City of Hayward and City of Hayward Housing Authority, Wells Fargo Community Lending & Investment, California Department of Housing and Community Development, the County of Alameda, Federal Home Loan Bank of San Francisco, California Housing Finance Agency and California Community Reinvestment Corporation.
“Wells Fargo is pleased to provide capital for another great development with Eden Housing that will benefit members of the Hayward community,” Tim McCann, senior vice president and regional equity manager for Wells Fargo Community Lending & Investment, which is the Low Income Housing Tax Credit investor for the affordable housing communities, told MHN. “This development, when completed mid-2016, will be a great addition to the community and would not have been possible without the collaboration of many. We thank, and congratulate, Eden Housing, the City of Hayward and BART on this great achievement.”
AMCAL’s development is known as Cadence, named after the street connecting Mission Boulevard and Dixon Street. The 206-unit luxury apartment community will offer one- and two-bedroom market-rate apartments and amenities such as a state-of-the-art fitness center with separate yoga room, a resident lounge, luxurious pool and spa deck, clubhouse, business center, pet spa, self-service bike parking and repair, and package concierge service.
“We at AMCAL are certainly very exciting to see this day upon us,” said AMCAL Multi-Housing’s CEO Percival Vaz. “It has been an exciting project here next to the South Hayward BART station. We wanted to thank all the dedicated partners – the City of Hayward, HUD (U.S. Department of Housing and Urban Development, HCD (California Department of Housing and Community Development), BART, and our neighbor and partner Eden Housing.”
Eden Housing’s development is situated on 1.44 acres and is slated for completion in May 2016. AMCAL’s 206-unit $68 million market-rate development is located on 2.9 acres and is expected for completion in January 2017. The architect is BDE Architecture and the general contractor is James E. Roberts-Obayashi Corp. for both the affordable and market-rate developments.