PALO ALTO, CA—A virtual groundbreaking celebration recently marked the kick-off of Wilton Court, a 100% affordable residential rental community at 3705 El Camino Real. The new 59-unit development is slated for completion in summer 2022, according to nonprofit affordable housing developer Alta Housing, formerly Palo Alto Housing.
"On our 50th anniversary, we are so thrilled to be building this new affordable housing project in the city of Palo Alto, our organization's hometown," said Randy Tsuda, Alta Housing's president and CEO. "Providing high-quality supportive housing near transit and amenities allows people to thrive, including those with special needs."
The residential development will provide independent living for a mix of single- and two-person households earning between 30% to 60% of the area median income. Wilton Court is also the first development to use the city's newly created affordable housing combining district. Moreover, 21 of the units are reserved for adults with intellectual or developmental disabilities.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
