SONOMA, CA—Due to the aging Baby Boomer segment, California'ssenior population has been growing at a rapid pace for the past fewyears. Now, with the onset of an unprecedented pandemic that hassent unemployment rates soaring higher than during the GreatDepression, providing affordable and safe housing for seniors andother vulnerable populations is suddenly even more crucial.
Looking to ease the affordable housing crisis that plagues theBay Area, MBH Architects in collaboration with Jon WordenArchitects assisted MidPen Housing Corporation in designing Fettersand Celestina Garden Apartments. This master-plannedmulti-generational affordable rental housing development forlow-income families was made possible with tax credits and multiplelayers of financing.
"Fetters and Celestina, both 100% affordable, would not havebeen able to be built with this level of affordability bytraditional financing," Rick Christiani, principal and architect ofMBH Architects, tells GlobeSt.com. "These developments were madepossible through MidPen Housing's commitment to and history ofproviding high-quality affordable housing that is integrated intothe surrounding community. Because they develop and manage theirproperties, they have established multiple layers of financing anduse of tax credits that they can use to make their proformawork."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
