Jamboree Housing Corporation Breaks Ground at West Gateway Place
Jamboree Housing Corporation Breaks Ground at West Gateway Place
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JAMBOREE HOUSING CORPORATION BREAKS GROUND AT WEST GATEWAY PLACE
Development is California’s First Affordable Housing and Sustainable Communities Development Financed by Cap-and-Trade Funds
WEST SACRAMENTO, CA – Jamboree Housing Corporation has broken ground on West Gateway Place, the first shovel-ready housing development in California funded through the Strategic Growth Council’s highly competitive Affordable Housing and Sustainable Communities Program. Located at 820 Delta Lane in West Sacramento, West Gateway Place received $2.6 million in cap-and-trade funds allocated by the California Strategic Growth Council and is being co-developed by Jamboree and the West Sacramento Housing Development Corporation.
West Gateway Place will create new apartment homes in a mixed-use, family-centered development that integrates bicycle and pedestrian paths that will make connecting to the surrounding community much easier without having to drive. These features will help reduce carbon pollution and avoid climate change impacts through the site’s transit-oriented location and energy-efficient design, creating a healthier living environment for all residents, according to Laura Archuleta, Jamboree President.
“Creating healthier communities is one of our company’s key initiatives so it’s an honor for us to be involved in the development of this pioneering workforce housing property,” said Archuleta. “We also greatly appreciate the fact that West Gateway Place was selected for the Affordable Housing and Sustainable Communities Program funds, without which this transit-oriented development would not be a reality.”
As part of the California Climate Investments portfolio, the Affordable Housing and Sustainable Communities Program is implemented by the Department of Housing and Community Development in coordination with the Strategic Growth Council and California Air Resources Board. This program awards competitive cap-and-trade grants and loans from the state’s greenhouse gas reduction fund to projects that reduce vehicle miles travelled (VMT) through access to low-carbon transportation options such as walking, biking and public transit.
“West Gateway Place combines affordable housing with meaningful transportation options for residents that will help reduce vehicle miles and associated greenhouse gas emissions – exactly what is envisioned by the Affordable Housing and Sustainable Communities program of the Strategic Growth Council,” said Ken Alex, Chairman of the Strategic Growth Council.
West Gateway Place is planned as the first phase of a multigenerational community for seniors and families in West Sacramento’s Bridge District.
“As the City of West Sacramento reclaims its industrial waterfront as one of the region’s best opportunities for urban, sustainable living – connected to jobs and services by walking, biking, and a forthcoming streetcar – we’re insistent that great places are mixed-income places,” said West Sacramento Mayor Christopher Cabaldon. “That’s why the West Gateway Place project makes high-quality, mixed-use affordable housing the centerpiece linking together three of the city’s urban revitalization districts.”
Phase I of West Gateway Place will be a mixed-use development consisting of two buildings that encompass 77 apartments and approximately 4,000 square feet of retail space, 12,000 square feet of common area and parking. With completion slated for late 2016, the first building on the 1.17-acre site is a mixed-use, four-story structure with retail and community space on the ground floor and at-grade parking. The second building is four stories with at-grade and below-grade parking.
The urban styled exterior will be a combination of stucco and metal panels, and will be oriented to create a central community courtyard with a barbecue area and tot lot. Approximately 3,536 square feet of ground floor common area – including a community room, computer lab, tutoring area, and laundry facilities – will be available to residents.
The residential units for Phase I will include one-, two- and three-bedroom apartments for families earning 30% to 60% of the area median income (AMI).
“California leads the nation in developing innovative ways to reduce greenhouse gases,” said Housing and Community Development Acting Director Susan Lea Riggs. “The Affordable Housing and Sustainable Communities Program will continue to fund projects such as West Gateway Place all over the state by supporting smart, compact development along transit corridors.”
Trailblazing developments such as West Gateway Place were selected for the first-round of cap-and-trade funding based on their projected contribution to help fight climate change by reducing greenhouse gas emissions by an estimated 723,286 metric tons – the equivalent to taking 140,483 cars off the road for one year, saving 81 million gallons of gas – the same as if all residents of the California cities of Citrus Heights and Newport Beach didn’t drive for one year.
In Jamboree’s ongoing commitment to sustainability, West Gateway Place is also designed to achieve a LEED (Leadership in Energy & Environmental Design) for Homes certified Silver rating. Each apartment home will be equipped with ENERGY STAR kitchen appliances, water-saving plumbing fixtures, and will exceed Title 24 energy efficiency standards. This lowers energy consumption, provides a cost-saving benefit, and promotes the health of residents.
In addition to the cap-and-trade funds, financing for the $28.8 million West Gateway Place development includes a $6.9 million loan and $1.8 million land note from the City of West Sacramento, a $1.9 million permanent mortgage from Union Bank, and $15.7 million in tax credit equity from Union Bank as the Low Income Housing Tax Credit (LIHTC) investor. Mogavero Notestine Associates provided architectural services and the landscape architect is Acanthus Studios Inc. Advent Companies is the general contractor and The John Stewart Company will be property manager.
Learn more about the Affordable Housing and Sustainable Communities Program of the California Strategic Growth Council.
Rendering available upon request.
About Jamboree: Founded in 1990, Irvine, CA-headquartered Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing company that develops, acquires, renovates and manages permanently affordable rental and ownership housing throughout California for working families, seniors and people with special needs. A leading community development organization, Jamboree is committed to sustaining excellence with high quality affordable housing that benefits the environment, the economy and local communities. It currently has $300 million in affordable housing projects in its development pipeline and a $1.1 billion asset portfolio that includes the development of and/or ownership interest in more than 7,500 homes in more than 75 California communities. Currently, Jamboree’s Resident Services Group offers resident services that foster learning, health and wellness, and community building at 35 Jamboree communities with designated staff at each location. For more information, visit jamboreehousing.com.