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(From left) Eugene Lee, California HCD; Hayward City Council Member Marvin Peixoto; Mayor of Hayward Barbara Halliday; Richard Valley, Supervisor, Second District of Alameda County; Hayward City Council Member Al Mendall; Hayward City Council Member Sara Lamnin; and Aaron Mandel, Senior Vice President of Meta Housing at the Downtown Hayward Senior Apartments Groundbreaking event.
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HAYWARD, CA – Meta Housing
Corporation has broken ground on the Downtown Hayward Senior Apartments, a new,
mixed-use, 60-unit affordable housing development for seniors in Hayward,
California. The new development will consist of approximately 6,000 square feet
of retail space on a nearly-one-acre lot in the city’s downtown.
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| Kasey Burke |
“The Hayward community and
the East Bay area, in general, have been experiencing rapid rent growth over
the last decade,” says Kasey Burke,
President of Meta Housing Corporation. “This significant increase in rents is
creating a tremendous need for affordable housing throughout the region, and
it’s often seniors who feel the brunt of these rental increases.”
Burke explains, “Seniors
tend to be living on fixed incomes and are not able keep up with the extremely
high shifts in rent throughout the area. This new development will fill a deep
need in the community by providing a high quality and safe environment that
seniors can afford.”
The Downtown Hayward
Senior Apartments will be located approximately two blocks from the Hayward
BART station, a block away from the city’s newly constructed public library and
within walking distance to retail stores, parks, and services. The new
apartment community will be developed in partnership with Community Home
Builders and Associates.
Financing for the project
was provided by Redstone Equity Partners, Enterprise Community Partners, Inc.,
Citibank, CalHFA, Federal Home Loan Bank of San Francisco, the State of
California Department of Housing and Community Development (HCD), Alameda
County Housing and Community Development Department, California Community
Reinvestment Corporation, and the California Tax Credit Allocation Committee.
Aaron Mandel,
a Senior Vice President with Meta Housing, says, “When developing a new
community in any city, we focus on bringing value to the residents, and also to
the city as a whole. This apartment community does just that. By transforming a blighted vacant lot into a
high quality affordable community with a retail component, we are able to
improve upon the existing neighborhood and enhance the overall vitality of the
city.”
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| Aaron Mandel |
The building will be
designed and constructed using sustainable, “green building” principles, and
will obtain a Green Point Rated 125 or equivalent and LEED Gold Certification
or equivalent. The apartment community will also utilize drought tolerant
landscaping and a drip irrigation system.
“From the initial design
stages through construction of each of Meta Housing’s projects, we work to
create sustainable designs that flow seamlessly into the existing surroundings,
and reduce the overall carbon footprint of the community,” says Mandel. “By
integrating green features and implementing drought tolerant landscaping in the
Downtown Hayward Senior Apartments, we are able to reduce the building’s impact
on the local community and optimize water efficiency.”
In addition to sustainable
features, Mandel notes that each of Meta Housing’s projects are created with
elements that encourage active engagement and participation to help seniors to
remain active and healthy.
“We’re building
communities where older adults are not just sitting in front of a television,
but rather, they are flourishing by interacting with others and enjoying strong
social ties,” says Mandel.
This property will feature
a series of amenities that help to further establish these social ties,
including a large community courtyard and water feature, large community room,
computer and multi-media room, outdoor barbeques and tables, communal kitchen,
library, and fitness center.
The project will be
located at 808 A Street in Hayward, California, and will incorporate a mix of
one-and two-bedroom floor plans.
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Senior Vice President of Meta Housing Aaron Mandel (left) with members of the community at the Downtown Hayward Senior Apartments Groudbreaking event.
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Meta Housing Corporation
currently has 60 projects in operation. The company also has 11 other projects
in the pre-development phase.
Since 1993, Meta Housing
Corporation has established itself as one of Southern California’s most experienced
and trusted developers of apartment communities for families and seniors,
developing more than 6,000 residential units.
Additional information is available at www.metahousing.com.
For a complete copy of the company’s news release,
please contact:
Lexi Astfalk/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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