RAAM Construction Completes $29 Million, 74-Unit Senior Housing Development in La Puente, CA

Arboleda Apartments, a 71,499 square-foot,
 74-Unit Affordable Senior Housing
 Development in La Puente, CA

  La Puente, Calif., (August 30, 2021) – RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has completed the construction of an affordable senior housing development at 1040 North Unruh Avenue in La Puente, California for $29 million.

The 71,499 square-foot property, Arboleda Apartments, consists of 74 apartment units in two conjoined four-story wood-frame buildings in La Puente, a low-income area where budget-friendly housing for seniors is scarce, according to Richard Lara, President and CEO of RAAM Construction.

“The need for affordable housing has grown in recent years due to rising home prices and an overall housing shortage, and the COVID-19 pandemic has exacerbated that need immensely,” says Lara.

Richard Lara

“La Puente is a city with strong demand for affordable rentable units, and Arboleda Apartments will greatly serve the local community by providing brand-new residential units for seniors who could not otherwise afford housing in the area.”

RAAM worked closely with Meta Housing Corporation, a developer of affordable housing communities for families and seniors, along with AMJ Construction Management Inc. and Y&M Architects, to deliver the new residences for qualified low-income seniors in the La Puente market.

“This project demonstrates once again that we are committed, along with our long-time partner Meta Housing, to meeting existing and projected housing needs throughout California in both the short and long term,” says Lara.

 CONTACTS:

Katie Haga / Lexi Astfalk

Brower Group

khaga@brower-group.com

(949) 438-6262

www.raamconstruction.com.