09/11/2024 | Press release | Distributed by Public on 09/11/2024 18:39
Construction of South Park Commons, a new affordable housing complex on Bennett Valley Road in Santa Rosa's South Park neighborhood, is nearing completion and the property management company will begin leasing the units in the coming months. Residents interested in living at the complex may apply to be added to the interest list through Sept. 23, 2024.
Submit an Application by Sept. 23, 2024
South Park Commons Background Information
Financing for the new affordable housing project included the investment of a City-owned parcel at Bennett Valley Road and Rutledge Avenue, which the City sold to the developer for $1. The Santa Rosa Housing Authority also invested $5.5 million and 30 project-based Housing Vouchers in the project. State funding, loans from the Housing Authority and the Renewal Enterprise District, and low-income housing tax credits all came together to make the project possible. The affordable housing development will feature 62 apartments, ranging from studios to three bedrooms, for low-income renters and half of the units targeted to formerly homeless households. Services will be available on-site for all residents, with additional housing stabilization services for residents who were formerly homeless. The project is anticipated to be completed by December 31, 2024.