We are excited to share that we recently originated a $3.5 million unsecured revolving line of credit to EAH Housing, which will create more than 400 new affordable homes for our community members in the following counties across the Bay Area: Alameda County, Contra Costa County, Marin County, Monterey County, and Solano County.
The funds from the credit line are to provide the mission-driven developer with extra liquidity for their pipeline projects, and can be used on any EAH projects that are in predevelopment. Five projects have been chosen. The funds will help move the projects forward through the predevelopment process to readiness for construction financing. Please see below.
Tabor Commons, 212 East Tabor
Fairfield, CA
Developer: EAH Housing
Proposed Units: 67
Population Served: Individuals, Families, People with Special Needs
Tabor Commons is a 2.59-acre site consisting of two connecting buildings and will offer a combination of 1-, 2-, and 3-bedroom affordable rental apartments for low, very low, and extremely low-income individuals and families. This three-story new community is only a few blocks from grocery stores, restaurants, shopping, and other amenities.
On-site amenities include a multi-purpose community room with a kitchen, property management and tenant services offices, laundry facilities, active and passive outdoor recreation areas, including a playground, a picnic area, a barbecue area, a community garden, and quiet sitting areas.
The development will serve various income levels, from 20% to 50% of Area Median Income(AMI) households. Sixteen units will be reserved for individuals with Intellectual/ Developmental Disabilities (IDD). Resident services will be provided with the coordination of the EAH in-house Resident Services Coordinator and third-party Case Manager/s for IDD residents
Greenfield Commons
Greenfield, CA
Developer: EAH Housing
Proposed Units: 100
Population Served: Families tied to the local agricultural industry
Greenfield Commons I is part of a two-phase development offering 100 units of permanently affordable rental housing for families tied to the local agriculture sector. The proposed development is consistent with the City of Greenfield’s Housing Element and with EAH’s goal to create community by developing, managing, and promoting quality affordable housing in the Salinas Valley.
Forty-three units are subject to a regulatory agreement under the Joe Serna Jr. program with the CA Department of Housing and Community Development, and 27 of the 43 Joe Serna Jr. units will have Project Based Vouchers (PBV).
Located on 5.45 acres in the southern Salinas Valley, this new development will feature garden-style apartments, a community building, a recreation and play area, indoor and outdoor common areas, and a community garden. The project is pursuing LEED Gold Certification and is designed to offset 100% of the property’s energy consumption with on-site renewable sources.
Hilarita
Tiburon, CA
Developer: EAH Housing
Proposed Units: 100
Population Served: Families
Hilarita (formerly known as “The Hilarita”) was the third affordable apartment community developed by EAH Housing. Located on eight acres of prime real estate overlooking Richardson Bay in Tiburon, the project exemplifies not-for-profit housing built in the 1970s in Marin. The development was originally financed by HUD’s Section 236 program and was constructed in 1974.
EAH is currently planning for a substantial renovation of the property. Common area improvements will include addition of two accessible laundry rooms, an accessible community garden, and adding an elevator to a second-floor community room. The facade will be improved with new siding, windows, doors, and paint. Unit interiors will be upgraded, as well.
Nevin Plaza II
Richmond, CA
Developer: EAH Housing
Proposed Units: 70
Population Served: Seniors, Individuals with Special Needs
Nevin Plaza II is a 70-unit new construction component of a two-phased masterplan to provide affordable rental housing to income-eligible seniors and persons with disability. Nevin Plaza I was a rehab, while phase II is an adjacent vacant lot.
Upon completing the masterplan, a new shared entry will serve the two buildings, along with 34 onsite parking spaces, ground floor offices for resident services and property management, tenant multi-purpose common area facilities, an outdoor courtyard enclosed by the two buildings, and a new Richmond Housing Authority (RHA) office space.
Nevin Plaza II will provide affordable rental housing to income-eligible seniors and persons with special needs earning Extremely Low, Very Low, and Low Incomes.
4300 San Pablo
Emeryville, CA
Developer: EAH Housing
Proposed Units: 68
Population Served: Senior and Transition-Aged Youth
4300 San Pablo is an affordable senior and transition-age-youth (TAY) apartment building that leverages thoughtful and innovative solutions to create a development that delivers measurable outcomes about neighborhood diversification, sustainable and affordable housing, economic revitalization and opportunity, and pedestrian use and mobility.
In partnership with the City of Emeryville, the EAH team created a building that delivers 68 intergenerational, deeply affordable apartment homes for seniors and youth transitioning out of foster care. The project allows seniors to age in place, while providing former foster transition-age youth a place to call home.
Services will be provided to the intergenerational residents through a partnership between EAH Housing and Unity Care through a structured, supportive program that fosters mentorship and engagement to enhance the lives of both youth and seniors.
Need a thought partner on your affordable housing project? We help mission aligned developers catalyze new development. Contact us!
For more information on lending programs for developers,
contact: Fathia Macauley or Stephaney Kipple.