Wednesday, October 12, 2005

Second Street Starts

Article Launched: 09/17/2005 08:01:49 AM

Second Street Starts
New affordable Senior Apartment Complex Under Construction in Dixon
By Reporter Staff

Construction crews work on the new Second Street Senior Apartments project in Dixon. (Joel Rosenbaum/The Reporter)

Construction has begun on a new affordable senior apartment project in Dixon.

With completion and pre-leasing expected for early next year the Second Street Senior Apartments will include 81 units, according to builder Simpson Housing Solutions LLC.

The project was developed by Long Beach-based Simpson and the nonprofit Foundation for Affordable Housing II, Inc. It will offer one- and two-bedroom units with one bath, ranging from 535 to 705 square feet. All units will be set aside for seniors age 55 and older earning from 50 percent to 60 percent of the area median income for Solano County, as established by HUD. Rents will range from $692 to $981 per month, depending on household income.

From its location in the 200 block of North Second Street in Dixon, the apartment complex will offer its future residents "convenient access to shopping, restaurants, recreation, the Dixon Seniors Multi-Use Center, local parks and the public library," according to a press release issued this week by Simpson Housing.

Amenities at the complex will include a community room, computer center, pool and spa, barbecue areas, laundry rooms and professional landscaping.

Individual apartments will feature built-in appliances, central heating and air conditioning, mini-blinds, smoke alarms and patios or balconies.

But physical amenities aren't the only thing this development will offer. Once the community opens up, the developers plan to offer a variety of on-site social programs including computer training classes and recreational activities.

Second Street Senior Apartments is being financed through a combination of low-income housing tax credit equity and a loan from the city of Dixon's Redevelopment Agency. Total development cost of the project is about $12 million.

The apartment complex is comprised of six two-story buildings in California contemporary style surrounding the recreation/office building. They will feature stucco exteriors, wood trim and accents and clay tile roofs. The goal, say developers, is to create an affordable community while also offering style and amenities like those found in market-rate housing. The project was designed by KTGY Group Inc.

"As Americans continue living longer, the need continues growing in communities all across the nation for high-quality affordable housing designed to provide more choices for seniors on limited incomes," said Michael Costa, president of Simpson Homes. "Thanks to tax credit financing, our company has developed and/or invested in more than 26,000 units of both family and senior housing nationwide."

He added that the firm is proud to add Dixon to its growing list of communities.

Those interested in being placed on a list or learning more about income eligibility for the new complex should call 1-800-290-0277, Ext. 4.

Second Street Senior Apartments
Location: 211 Second St. Dixon
No. of Units: 81
Size: One- and two-bedroom
Square feet: 535 to 705
Rents: $692 to $981 per month, depending on household income.
Contact: 1-800-290-0277, Ext. 4.

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