Posted on: August 24, 2020
Press Release Distributed by ABNewswire.com | Monday, August 24, 2020
MOUNTAIN VIEW, Calif. — Alta Housing, a community-based, nonprofit developer virtually celebrated the groundbreaking of its newest 100% affordable residential rental community at 950 W.El Camino Real in Mountain View, California, on August 21, 2020. The new 71-unit residential development will provide independent living for a mix of single- and two-person households earning between 50% to 70% of the area median income. Fifteen of the units are reserved for adults with intellectual or developmental disabilities.
“We are excited to commence construction on this new, supportive residential community that will bring stability and an enhanced quality of life to so many people that are struggling in this challenging economy including those with special needs,” said Randy Tsuda, Alta Housing’s President and CEO. “We are grateful to our partners at the city of Mountain View who have strongly supported our effort to add much-needed affordable housing.”
The 0.61-acre development site, which previously housed a Taco Bell, is centrally located on El Camino, a block north of Downtown Mountain View. On-site amenities will include a roof-top deck and outdoor lounges on the second, third, fourth and fifth floors giving residents various options for outdoor access. There is also a community room with a kitchen, a conference room, library, and laundry facilities.
Alta Housing is also providing on-site management and services to residents, including case management, resident engagement, educational assistance, health and wellness programs, financial planning courses, job counseling and assistance with accessing community resources.
“Alta Housing’s services at 950 W.El Camino Real will be designed to ensure housing stability, promote health and wellness, and encourage community building,” noted Tsuda. “Alta Housing’s mission is to create stronger, more diverse communities by providing and maintaining high-quality, affordable housing where our residents can thrive.”
“950 W. El Camino Real is an ideal location, especially for those without a car. The development site is close to multiple bus lines that allow access to communities up and down the peninsula,” Tsuda said. “Many residents will have jobs in Mountain View or the surrounding communities and will be able to commute by walking, public transit or bike. The site is located within a quarter-mile of the Mountain View community shuttle and four bus lines (VTA 22, 52, 81, 522). The new residential community will also have a bicycle parking space and a storage locker available to each resident.”
Financing is provided by the City of Mountain View, Wells Fargo Bank and Low Income Housing Tax Credits. Acquisition funding was provided by Housing Trust of Silicon Valley.
The project’s designer is Van Meter Williams Pollack; the general contractor is Nibbi Brothers; Luk and Associates is the civil engineer; Murphy Burr Curry (MBC) is the structural engineer; Fard Engineers is the mechanical electrical and plumbing plans (MEP) engineer; and Hill Associates is the landscape architect. The new development is slated for completion in fall 2021.
Those interested in housing at 950 W.El Camino Real may call Alta Housing at (650) 321-9709 and request to be added to the interest list or visit www.altahousing.org.
About Alta Housing
In its 50 years of service, non-profit Alta Housing builds, develops, acquires and manages low- and moderate-income housing in the San Francisco Bay Area. With over 2,300 residents and more than 300 units in various stages of development or construction, Alta Housing provides high-quality, award-winning housing with subsidized rents and supports its residents in reaching their goals through its Resident Services program. Alta Housing continues to expand its portfolio and focuses its future housing efforts along transit corridors on the Peninsula. For more information about Alta Housing, visit www.altahousing.org.
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