The development site is a 1.6-acre of underutilized commercial parcels at 555 98th Avenue, which puts it near public transportation, schools, a grocery store, a medical clinic and a park and recreation center. Designed by R.L. Davidson, the development will consist of nine two-bedroom apartments, 29 three-bedroom apartments, 20 four-bedroom apartments and 2,400 sf of street-level retail.
Sixteen units will be dedicated to households who earn 60% of the Area Median Income, 29 units will be reserved for 50% of the AMI, six units will be reserved for both 40% and 30% of the AMI, and one unit will be reserved for on-site staff. Apartments will range in size from 634 sf to 1,006 sf.
Common amenities will include a children's play area, a community clubhouse and a computer lab. The complex also will provide for complimentary social services, including English as a second language classes and tutoring.
The project was financed with an allocation of over $8.2 million of 9% Low-Income Housing Tax Credits in 2007, and $242,000 in Affordable Housing Program Funds from Federal Home Loan Bank of San Francisco.
In constructing the complex, Amcal says it will use interior paint with low volatile organic compounds as well as the Carpet and RugInstitute's Green Label carpet, pad and adhesives, which help to reduce VOCs. Kitchens and bathrooms will feature ceramic tile instead of linoleum, which requires VOC adhesives. In addition, bath fans will exhaust air to the outside of homes using a timer or humidistat to prevent mold or mildew from condensation.
Amcal has been developing housing since 1978. In recent years, Amcal has focused on the affordable housing sector, including family and senior apartments, as well as for-sale housing in emerging urban neighborhoods. The company has received $231 million in LIHTC since 2003 and currently has $370 million in projects under development. The company recently launched Amcal Equities, a division dedicated to acquiring existing income-producing properties and developing market-rate apartments.
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