JV Opens $30M Workforce Housing in Sacramento
- Jun 02, 2017
Jamboree Housing Corp., West Sacramento Housing Development Corp. and the City of West Sacramento completed the $29.8 million West Gateway Place, one of the first transit-oriented, workforce housing developments in California to receive the state’s cap-and-trade funding. The project received $2.6 million in Affordable Housing and Sustainable Communities Program Funding, budgeted in 2015 by the California Strategic Growth Council.
Located at 820 Delta Lane and 825 Tower Bridge Gateway in West Sacramento, Calif., the 1.17-acre community offers 77 units comprising one-, two- and three-bedroom floorplans ranging from 558 to 1,073 square feet across its two, four-story buildings. Interior apartment features include ENERGY STAR kitchen appliances and water-saving plumbing features, central heating and air conditioning, balcony and patios, oversized closets, and CRI Green Label carpeting and underlay. Community amenities include a laundry facility, playground, garages and carports, a clubhouse, transit access, onsite resident services, and water-efficient landscaping with drought tolerant and native plantings. The mixed-use West Gateway Place also features 4,000 square feet of retail space, a 3,500-square-foot community center with a computer lab and tutoring area, and an exterior featuring a central courtyard with a barbecue area and bicycle and pedestrian paths. Rental prices will be affordable to families earning 30 to 60 percent of the area median income.
“As a city, we believe it’s important to provide housing and services for people who may not have higher paying jobs, such as store clerks or warehouse workers, but who want to live in our community,” said West Sacramento Mayor Christopher Cabaldon. “West Gateway Place represents the type of high-quality, mixed-use housing that these residents will be able to afford and live a comfortable life. It also underscores the progress we are making as we reclaim our industrial waterfront as one of the region’s best opportunities for urban, sustainable living – connected to job, shops and community facilities by walking, biking and future streetcar service.”
Co-developed by Jamboree and the West Sacramento Housing Development Corp., the community is designed to achieve a LEED for Homes certified Silver rating that exceeds California’s current Title 24 CalGreen energy-efficient standards, lowering energy consumption and saving on resident costs. Mogavero Notestine Associates is the architect, Acanthus Studios Inc. is the landscape architect, Advent Cos. is the general contractor and The John Stewart Co. is serving as property manager. Jamboree is also providing services to residents of West Gateway including homework assistance and tutoring, health and wellness programs, as well as offering an on-site coordinator to assist residents with accessing local community services such as employment, education and healthcare opportunities.
“Our experience as a developer of affordable housing underscores that the social, educational, health and other services provided to residents at West Gateway Place by our Community Impact programming make a significant difference in how quickly they take full strides towards being confident and productive individuals,” George Searcy, senior vice president of Community Impact for Jamboree, told Multi-Housing News. “Although housing plays an important role in people’s health and well-being, services such as those provided by Jamboree and its partners establish a more complete environment for our residents and their future.”
Additional financing for the project includes $8.7 million in permanent financing from the City of West Sacramento, a $1.6 million permanent mortgage from Union Bank as well as investing $15.7 million in tax credit equity as the Low-Income Housing Tax Credit investor.
Image courtesy of Jamboree Housing Corp.