Ground Broken for New Affordable Housing Development in Santa Clara

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. 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.

MHN online

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s