Ground Broken for New Affordable Housing Development in Santa Clara
- Jun 21, 2012
Santa Clara, Calif.—The ROEM Corporation, along with Pacific Housing Inc. and the City of Santa Clara, recently broke ground on a $15 million project—a new affordable housing community in Santa Clara, Calif.
The community, which is named 2525 El Camino Real Senior Apartments, will include 48 one-bedroom affordable apartments for seniors. 2525 El Camino Real Senior Apartments was designed by KTGY Group and will consist of a three-story C-shaped building with an enclosed courtyard and pedestrian access to parking. It will be designed with a mission-style color scheme.
Amenities for 2525 El Camino Real Senior Apartments will include a community room, computer room, barbecue area and community gardens.
Additionally, the affordable community will be designed with environmentally friendly features. It will be built with sustainable building features and include energy-efficient appliances.
2525 El Camino Real Senior Apartments was financed with 4 percent Low-Income Housing Tax Credits. ROEM and Pacific Housing partnered with Citi Community Capital, AEGON USA Realty Advisors and the City of Santa Clara for financial support. Additionally, the City of Santa Clara invested $7 million in the development.
“Providing affordable housing for our community is a very important City Council priority, and we are happy to see this high-quality project move forward,” Santa Clara Mayor Jamie L. Matthews said in a press statement. “This project is an excellent example of what the private and the public sectors can accomplish by working together to meet affordable housing needs. The City’s Housing Authority is proud to partner with ROEM and others to create these new senior apartments—housing that will be safe, affordable, have easy access to public transportation and shopping, and meet senior needs.”