Funds Made Available for More Than 740 Affordable Housing Apartments for Agricultural Workers, Veterans, Seniors and Working Families
San Rafael, California (July 30, 2020) – EAH Housing, an affordable housing nonprofit organization, announced today that it was awarded more than $110 million to aid in the construction of new affordable housing communities.
“These awards will help bridge the funding gap for us to continue the important work of building sustainable, quality affordable housing,” said Laura Hall, president and chief executive officer. “This is a time of unprecedented growth for us in our 50 + year history and it reaffirms our commitment to expanding our services to those in the Central Valley, Monterey County and Southern California.”
The organization was awarded 15 grants and loans for ten developments in nine cities throughout California. A significant portion of the overall grant money was awarded to proposed developments in rural areas such as the Central Valley, along with Solano, Monterey, and Imperial counties.
Archway Commons II, in partnership with the city of Modesto, received a $24.7 million award from the Affordable Housing & Sustainable Communities (AHSC) program. Award proceeds will deliver affordable housing to 74 low-income families and improve resident mobility by adding Modesto Area Express bus service from Archway Commons II to the Downtown Transit Center with planned regional service provided by ACE Rail.
Greenfield Commons in Greenfield, California was awarded more than $19.8 million from the Joe Serna, Jr. Farmworker Housing Grant (FWHG) program. The FWHG is the only state funding source dedicated solely to the production permanently affordable housing for families in the agricultural industry. Nearly half of the 222 apartment homes in the proposed development will rent to agricultural workers and their families living in the Salinas Valley.
Lightfighter Village will be located on Fort Ord, a former Army installation in Monterey, in partnership with the Veterans Transition Center (VTC). It will house veterans, their spouses, and formerly homeless veterans. The proposed development includes 71 apartment homes on a 2.3-acre lot.
Imperial Senior will provide 69 one-bedroom apartment homes to low income seniors (aged 62 and older) with rents in the 30-60% AMI range in downtown Imperial. The new community will be fully accessible and built to meet Greenpoint Gold standards.
“A tremendous amount of effort goes into each of these awards,” said Welton Jordan, senior vice president of real estate development for EAH Housing. “The substantial amount of funding we received is a testament to the teamwork, dedication and commitment our staff has to the mission of EAH Housing.”
More than $32 million was awarded to Bay Area locations, which will help fund three new proposed developments in Oakland and Hayward.
Additionally, EAH Housing received 57 Project-Based Vouchers (PBV) and Veteran Administration Supportive Housing (VASH) vouchers for three proposed new developments, including the VTA Blossom Hill project In San Jose, Lake Park in Oakland and On Broadway in Sacramento.
About EAH Housing
Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages more than 210 properties in 78 municipalities in California and Hawaii, and plays a leadership role in local, regional, and national housing advocacy efforts.