Public-Private Partnership Breaks Ground on $36M Alameda Point Senior Apartments in Bay Area
ALAMEDA, CALIF. — The City of Alameda, Eden Housing and Alameda Point Partners have broken ground on Alameda Point Senior Apartments, a 60-unit affordable seniors housing community in Alameda, just south of Oakland. Development costs are estimated at $36 million. The community will be located at Alameda Point’s Site A, a $1 billion mixed-use, transit-oriented waterfront development on the site of the former Naval Air Station Alameda, which closed over 20 years ago.
Alameda Point Senior Apartments includes 48 one-bedroom and 12 two-bedroom apartments that will be available to seniors with annual incomes from 20 to 60 percent of the Alameda County Area Median Income. Thirty units will serve seniors experiencing homelessness, of which 28 will serve veterans exiting homelessness.
“Alameda has stepped up to provide homes for those without housing, most importantly for homeless veterans who have served our county,” said City of Alameda Mayor Marilyn Ezzy Ashcraft. “I can’t think of a better place to do that than at the former Naval Air Station.”
Supportive services will be delivered to residents through a collaboration between Operation Dignity, Eden Housing and the VA.
This development is being built using green building techniques and materials and incorporates a number of green features designed to ensure its long-term energy efficiency and sustainability. Such features include a photovoltaic system that will help power common area electricity, a solar thermal system for domestic hot water heating, bioretention basins for stormwater, a bicycle storage room and electric vehicle charging stations.
Funding is provided by Alameda County Measure A1 Bond funds, a State of California Veterans Housing and Homelessness Prevention Program loan, contributions by Alameda Point Partners and the City of Alameda, operating support from the Housing Authority of the City of Alameda, the Federal Home Loan Bank of San Francisco Affordable Housing Program, 9 percent Low Income Housing Tax Credits from the California Tax Credit Allocation Committee, and debt and equity financing from Union Bank.
The project’s designer and executive architect is KTGY Architecture + Planning. The general contractor is James E. Roberts-Obayashi Corp. Completion is slated for July 2020.