Developer: Eden Housing
Housing Trust Loan: $3.85 million
Proposed Units: 113
Population Served: Seniors
Congratulations to Eden Housing on closing construction financing for Regional Street Apartments, a 113 unit community dedicated to serving seniors! Housing Trust is pleased to provide a $3,850,000 construction-to-permanent loan to support this project through our Apple Affordable Housing Fund (AAHF) to enhance the quality of life for older adults in the area. We are proud to support this vital project that not only addresses housing needs, but also fosters community engagement among seniors.
Regional Street Apartments is our first loan in the East Bay city of Dublin. The community is being built on land donated by the City of Dublin and another developer in association with the development of an adjacent 499 unit, market-rate, luxury residential community. The project will provide housing for seniors with household incomes between 20% and 50% AMI.
Eden Housing will provide supportive services to the residents with the goal of providing seniors with a place to age with dignity in their own home. These services will include on-site health and wellness, as well as fitness and financial literacy classes. Residents will also enjoy shared amenities such as laundry rooms, a community room with a kitchen, a computer room, and open terraces on each floor designed for community gardening.
Focusing on sustainability, Regional Street Apartments will utilize all-electric appliances, solar panels, and efficient heat pumps, contributing to a greener living environment.
This marks the second project we’ve funded this month through the Apple Affordable Housing Fund (AAHF). Together, we are making a significant impact on our communities in need of affordable housing solutions and we look forward to sharing more exciting project updates soon.