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ADDRESS:
1150 Brookside Drive
San Pablo, CA 94806
COUNTY: Contra Costa County
PROJECT DESCRIPTION: Las Palmas, in partnership with Simpson Housing Solutions, are developing a 132-unit affordable family apartment complex in San Pablo, California. Occupancy is scheduled for fall of 2007. The community will be affordable to families earning between 30% - 60% of the area median income.
El Paseo Family Apartments will feature a recreation facility, which will house a large multipurpose room equipped with a big screen television, fireplace, relaxing lounge seating, and game tables. The recreation center will also include computer lab, on-site manager and leasing office, a full kitchen, interior mailroom, and an attached laundry room.
The Community is adjacent to the city of North Richmond and within walking distance to elementary schools, grocery stores, the Even Start Family Literacy center and the John Hubert Davis Park. This 12 acre park is the city’s largest, providing soccer and baseball fields, in addition to senior and summer youth programs.
PROPERTY MGMT: TBD
FINANCING:
Tax Credit Equity Partner: Multi Housing Investments
Construction Lender: California Bank & Trust
Permanent Lender: TBD
Residual Receipts Loan: City of San Pablo
UNIT MIX:
132 units
76 – 2 bedrooms (880 and 968 sq. ft.)
56 – 3 bedrooms (1,036 sq. ft.)
 100% AFFORDABLE:
13 units @ 30% AMI
13 units @ 40% AMI
70 units @ 50% AMI
34 units @ 60% AMI
2 units – manager
RESIDENT SERVICES: More Information
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