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California Redevelopment Agencies - Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail SAN LEANDRO Achievements Description DESCRIPTION Estabrook Place is a new affordable senior housing community designed to create a healthy, supportive environment for very low& #8208; income seniors to age in place and live independently in a healthy and productive way. The project contains 51 rental units, offices for property management staff, and 28 outdoor parking spaces. Of the total units, there are 50 one - bedroom units and one on -site manager4s two- bedroom unit. Each unit contains a living room, kitchen, dining area and bath; one -third of the units have courtyard views. Relative to other nearby senior affordable housing developments, Estabrook Place is a mid -sized property. All residential units are affordable to households earning up to 50% of the Alameda County Area Median Income, and residents pay 30% of their income for rent. The project will remain affordable for at least 55 years via a regulatory agreement with the nonprofit developer and owner, Eden Housing, Inc., a well regarded regional nonprofit affordable housing developer and property management organization. On -site support services staff assist residents individually and in groups to create supportive programming which encourages community building and self - reliance. These programs include information and referral to health services, educational presentations, and social activities like financial education classes and youth counseling seniors on technology. This attractive model green and affordable multi - family development received one of the highest green rating scores from Build It Green. Estabrook Place incorporates energyZ and resource& #8208; efficient features such as a solar hot water system, photovoltaic panels, hydronic space heating, and Energy Star appliances. Water & #8208;conserving features include dual flush toilets, low & #8208;flow fixtures, native and drought & #8208;tolerant landscaping, and high & #8208;efficiency irrigation. Located close to San Leandro4s downtown main corridor, Estabrook Place has several community spaces that promote shared interests and health and wellness for its seniors, including planter gardens on the roof terrace, a computer room/ library, and exercise room. Located at the ground level to encourage community - building activities are the entry lobby and large community room that opens onto a beautifully landscaped 8,700 square foot courtyard around which the building is focused. Across the street is McKinley Elementary School where Eden4s supportive services will include intergenerational programming for Eden residents who want to volunteer and/or mentor students, a unique partnership created by Eden, the City, and school. Nearby is the San Leandro Hospital Campus where seniors can access medical care and health and wellness services. Also nearby is the City4s new Senior Center where there will be senior - related programs and activities. The City4s Human Services Department staff provide flyers and information about its senior programs to Estabrook4s seniors. Although this development is located about half a mile from the downtown BART, the City offers free shuttle transportation to proscribed destinations for Estabrook4s seniors. The total development cost was approximately $19.5 million, including a $4 million loan from the City (HOME and Affordable Housing Trust Funds) and Redevelopment Set Aside funds for acquisition and construction. Of the $4 million, Set -Aside Funds constituted $1.978 million. Eden leveraged these City /Agency funds with diverse public and private funding, including HUD Sec. 202 elderly housing program ($7.3 million), 4% Low Income Housing Tax Credits ($7.3 million), County of Alameda CHDO HOME funds ($630,000), and Federal Home Loan Bank AHP funds ($255,000). HISTORY Eden Housing entered into a purchase agreement with the seller of a former used car lot in October 2006 and escrow closed in 2007. The site had been a blighted and vacant for years. The Agency approved a predevelopment grant to Eden Housing in May 2007. In March and April 2007, Eden held two community meetings to receive feedback from neighborhood residents Page 7 of 8 12/21/10