“It definitely is going to provide much-needed services to members of our senior community in the Rodeo area, and the surrounding area.”
Tony Hicks, Bay City News Foundation
February 3, 2021
CONTRA COSTA COUNTY, CA — The Contra Costa County Board of Supervisors unanimously decided Tuesday to approve the development of 67 high-density senior residential units in Rodeo.
The units will go to very-low and low-income senior households, according to a staff report for Tuesday’s meeting.
“It definitely is going to provide much-needed services to members of our senior community in the Rodeo area, and the surrounding area,” said Supervisor Federal Glover, whose District 5 includes Rodeo.
The site for the future Rodeo Senior Phase 2 Apartments fronts the north side of Willow Avenue, between 710 Willow and the Interstate Highway 80 westbound on-ramp. The .98-acre undeveloped tract is part of a 2.11-acre parcel, acquired by the county’s redevelopment agency in the late 1990s.
The project will include a minimum of 1,250 square feet of community space.
The county will convey the property to La Loma Rodeo EAH LLC., and provide a $4.45 million loan for its development, from the county redevelopment agency’s low-and moderate-income housing fund.
The proceeds from the sales will go toward funding more affordable housing. La Loma Rodeo already owns the northern tract, on which sits a 50-unit senior housing project known as Rodeo Gateway Apartments, which it manages.
The loan will be at 3 percent interest and have a 55-year term. Escrow won’t close until 2023.