Newly Funded

Newly Funded: $1.1 Million for Embark Apartments

Embark Building Rendering

Housing Trust is providing a $1.1 million acquisition loan to Resources for Community Development (RCD) for Embark Apartments, a 60-unit development for households at or below 30-60% of area median income. The ground floor will have management offices and a large multipurpose community room next to a parking garage, with apartments above.

Embark Apartments’ proximity to transit – including the downtown Berkeley BART station – as well as services lends itself to veteran housing, supportive housing and transit-oriented development, all top funding priorities for the state and the city. The location is also very close to Eucalyptus Grove/Grinnell Natural Area, the Martin Luther King Jr. Civic Center Park, and the UC Berkeley campus.