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Officials from the County Redevelopment Agency (www.shra.org) and developer BRIDGE Housing Corporation broke ground today on a new 138-unit apartment complex for low income seniors in the Old Foothill Farms community at 5400 Auburn Boulevard, the site of a former Kmart retail center.
“I think this project is going to be a great synergy for the community and for this corner,” said Supervisor Susan Peters whose district includes the Old Foothill Farms community.
The development is the first project that BRIDGE Housing will build in Sacramento. President and CEO Cynthia Parker says the apartments will be a catalyst for revitalizing the area.
“This is a first step to attracting other development and that’s what we’re celebrating today,” said Parker.
In 2008, the Redevelopment Agency began acquiring parcels at this location. Since that time, SHRA worked diligently to develop a plan for the revitalization of the property that would also impact and benefit the Auburn Boulevard corridor and incorporate the needs of the community. After careful analysis, the proposed use for the site included new construction of a senior apartment complex to anchor the first phase of redevelopment of this property. The Agency assisted the project with $8.5 million in redevelopment funds.
“This is where redevelopment gets involved in breathing new life back into our older commercial corridors,” said La Shelle Dozier, SHRA Executive Director. “We depend heavily on redevelopment funds to come back into the community so we’re working hard at the state level to preserve this flexible tool that we use in creative ways to make these types of project come to fruition.”
Other project funding includes an award of 9% Low Income Housing Tax Credits from the Tax Credit Allocation Committee, construction lending from Wells Fargo Bank and equity investment from Wachovia Affordable Housing Community Development Corporation
This site which is largely comprised of the former K-Mart parking lot has been a major cause of concern for residents and frequent travelers since the store closed in 2000. The loss of jobs at the McClellan Air Force Base and the resulting change in business environment for these commercial corridors left very little hope for a successful and vibrant re-use of this property. Residents, business owners and community leaders sought out suggestions and answers to address concerns of this community.
The Foothills Farms Senior Apartments will include 138 affordable senior apartments on 4.5 acres of this site. There are a total of four buildings, three of which will be three-stories and served by elevators. The fourth building is a two-story. These buildings will be linked together with breezeways at the second story level, and will surround a main courtyard designed with gazebos, a patio area. Additional amenities for the senior residents include a clubhouse, swimming pool, bocce court and community gardens. The clubhouse will be appointed with a full kitchen, library, crafts room, and common laundry facilities.
The project is expected to be completed next summer. Prospective applicants may call (916) 484-4007 or visit http://www.bridgehousing.com/FoothillFarms for information.