Two massive housing developments in Santa Rosa and Windsor will collectively obtain $24 million in low-interest loans from the state to create over 100 reasonably priced items, the California Division of Housing and Neighborhood Growth introduced this week.
Greater than $8.5 million will go to the Kashia Band of Pomo Indians of the Stewarts Level Rancheria to assist finance a 54-unit complicated for low-income tribal members in Windsor. The positioning at 10221 Outdated Redwood Freeway may even function the tribe’s headquarters.
In October, Burbank Housing, the native reasonably priced developer accountable for the undertaking, stated it anticipated financing to take a couple of yr and building one other 18 months. The full price was unclear because the undertaking was early in improvement.
The opposite complicated, the 62-unit Bennett Valley Residences deliberate for a former faculty and senior middle at Bennett Valley Highway close to Rutledge Avenue in Santa Rosa, is about to obtain a $15.6 million mortgage.
In 2019, the Metropolis Council chosen Oakland-based developer Freebird Growth Co. for the undertaking. On the time, it was anticipated to price $26.5 million and be accomplished by June 2023. About half the items have been deliberate for previously homeless folks.
The loans are from a state reasonably priced housing program authorized by voters in 2018. For the present spherical of awards, 20 developments throughout the state are set to get $220 million in loans.
You may attain Workers Author Ethan Varian at ethan.varian@pressdemocrat.com or 707-521-5412. On Twitter @ethanvarian