Workforce housing going up downtown -- recent financing through Sonoma County Housing Fund
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Exciting news is brewing in the heart of Santa Rosa as plans unfold for the revitalization of two iconic masonry buildings into a vibrant community hub. Located at 200 and 290 B Street, this initiative marks a significant step forward in addressing the pressing need for affordable housing in our city.
Set against the backdrop of downtown Santa Rosa, these buildings will soon house a total of 64 units, catering to a diverse range of residents. What sets this project apart is its focus on providing housing solutions for the 'missing middle'—those hardworking individuals who form the backbone of our local economy. From restaurant staff to service industry professionals, these homes are tailored to meet the needs of the very people who contribute to the dynamic fabric of our community.
The development's inclusive approach extends beyond mere housing provision. With amenities like game rooms, a workout facility, and bike storage, residents will have access to facilities that promote both physical and social well-being. Moreover, the inclusion of ground floor commercial space ensures continuity for existing businesses, fostering a sense of continuity and belonging.
At the heart of this endeavor lies a robust partnership between Housing Trust Silicon Valley and the Santa Rosa Metro Chamber. Through the Sonoma County Housing Fund (SCHF), Housing Trust provided a vital acquisition loan of $7,225,000 to Phoenix Development, kickstarting this transformative project. This partnership exemplifies the power of collaboration, leveraging local expertise and resources to address complex challenges.
The significance of this initiative extends far beyond the physical transformation of buildings. It symbolizes our collective commitment to fostering a more equitable and inclusive community. By providing affordable housing options in the heart of our city, we are laying the groundwork for a more resilient and vibrant future.