Sacramento Business Journal
By Ben van der Meer | May 14, 2020
Bay Area-based affordable housing developer EAH Housing has submitted plans for two five-story buildings at 1901 Broadway, with 150 apartments and about 1,700 square feet of retail space.
On Broadway Apartments, as the project is called, would also have 75 parking spaces, though it’s a stone’s throw from a light-rail stop south of Broadway.
Scott Johnson, director of business development for San Rafael-based EAH Housing, said his firm likes Broadway as a neighborhood and the property itself for its zoning.
“We go after and seek out ways to try to add value to the community through transit-oriented development work,” he said. “We’re looking for properties that just meet this profile.”
LPAS Architecture & Design is the project architect.
According to the application, EAH is under contract to acquire 1901 Broadway, which is currently owned by local real estate investors Sutter Capital Group. The 1.25-acre property on the northeast corner of 19th Street and Broadway currently has an empty 27,288-square-foot office building, formerly used for church administration, that would be demolished for the apartment project.
EAH Housing’s project would have studio, one-, two- and three-bedroom units, ranging from 546 to 1,172 square feet. Resident amenities would include two community rooms, exterior courtyards, a learning center and bike storage. The two buildings would be split by a one-way private drive.
Johnson said the inclusion of parking spaces acknowledges that while On Broadway Apartments is very close to transit, many people still need cars. The project has a ratio of one parking spot for about every two apartment units.
“In an urban environment, with the population we’re creating, .5 is spot on with what you need,” he said. “We certainly don’t want to create a situation where parking demand bleeds onto nearby streets.”
Rents for units would be restricted to people making from 30% to no more than 80% of the area median income, or a rent range of about $450 to $1,300 a month, depending on factors such as income and unit size. A quarter of the units, or 37, would be reserved as permanent supportive housing for people who’ve experienced homelessness or are at risk of becoming homeless, according to the application.