EAH Housing and the Veterans Transition Center (VTC) of Monterey have partnered on this development to provide permanent rental housing for veterans, with a specific priority for homeless veterans. The project site is located on the former Fort Ord Base, and VTC acquired ownership of the land through a quitclaim deed from the US Department of Health and Human Services. The community offers various resident amenities and will provide critical services that a veteran and formerly homeless population will require. All residential units will house residents earning 30%-50% of the area median income (AMI).
This project is pursuing GreenPoint certification, and project financing will consist of several sources. Collectively, the project is positioned to be built and financed with a relatively small amount of permanent debt, allowing it to focus its revenues on providing veteran and homeless services to its tenants.
Construction estimated start: 2023
Construction estimated completion: 2025
- Property Type: Family, Veterans
- Location: 229-243 Hayes Circle, Marina, CA 93933
- Units: 71 apartments
Developer: EAH Housing, Veterans Transition Center (VTC) of Monterey
Architect: HKIT Architects
General Contractor: Huff Construction