Transit-oriented and urban infill grants to create affordable homes, jobs SAN DIEGO, July 3, 2008---The California Department of Housing and Community Development has awarded $100.2 million to seven properties under development by BRIDGE Housing Corporation and its partners and affiliates. The funding was made available through Proposition 1C, which provides $2.85 billion to finance affordable housing and infrastructure across California. These are the first awards for the Infill Infrastructure Grant Program (Infill) and the Transit-Oriented Development Program (TOD). The Infill awards provide infrastructure improvements to facilitate new housing development in residential and mixed-use infill projects, while the TOD program stimulates production of higher density housing and related infrastructure near transit stations, to encourage public transit ridership and minimize automobile trips. The seven BRIDGE developments awarded Infill and TOD funding are: | Location | Development | Affordable/
Total Homes | Award(s) | Sponsor(s) | Amount | | Oakland | St. Joseph's Senior Apartments | 84 / 84 | Infill | BRIDGE | $3,189,280 | | Oakland | MacArthur Transit Village | 108 / 624 | Infill and TOD | City of Oakland and BRIDGE | $34,300,383 | | San Diego | Commercial & 22nd Street | 197 / 252 | Infill and TOD | Comm 22 LLC | $26,680,534 | | San Francisco | Geary Boulevard Senior Living and Health Center | 150 /150 | Infill | BRIDGE and City and County of San Francisco | $3,244,650 | | San Francisco | Armstrong Place Senior Housing | 112 / 112 | TOD | BRIDGE | $7,361,403 | | San Leandro | San Leandro Crossings | 100 / 300 | Infill and TOD | City of San Leandro and BRIDGE | $24,460,120 | | Unincorporated San Mateo County | Trestle Glen | 119 / 119 | TOD | BRIDGE | $993,789 |
“We put a great deal of time and resources into most of these developments before Prop 1C even existed,” said BRIDGE Housing President Carol Galante, “so we couldn’t be more pleased with the funding levels. This catalytic funding is critical to achieving innovative urban infill development around the state.” In Alameda County, more than $34 million was awarded to the MacArthur Transit Village, a 7.2-acre mixed-use transit village under development at the MacArthur BART Station in Oakland. San Leandro Crossings received $24.4 million; the mixed-use development located near the San Leandro BART station will include 100 affordable apartments for families and 200 market-rate apartments. St. Joseph’s Senior Apartments, an 84-apartment development planned for Oakland’s Fruitvale neighborhood, received over $3 million. In San Francisco, more than $3.2 million was awarded to the Geary Boulevard Senior Living and Health Center, on Geary near Arguello, which is being developed by BRIDGE and the Institute on Aging. Armstrong Place Senior Housing, in the Bayview District, received over $7 million. Nearly $1 million was awarded to Trestle Glen, a development by BRIDGE in partnership with the County of San Mateo. When Trestle Glen opens adjacent to the Colma BART Station in late 2009, it will offer 119 apartments that will be affordable to families with annual incomes ranging from $22,620 to $56,550. And more than $26.6 million was awarded to the Comm22 development in San Diego. Located on surplus school district property at Commercial and 22nd in San Diego’s Logan Heights neighborhood, Comm22 is a mixed-use, transit-oriented development that will provide 252 new homes for a range of income levels, community-serving retail and commercial space, and significant upgrades to the area infrastructure. It is the collaboration of three organizations—BRIDGE Housing, MAAC Project, and Bronze Triangle Community Development Corporation—all of which are dedicated to strengthening the existing neighborhoods. For more information about any of these developments, visit http://www.bridgehousing.com/. # # # |
