BRIDGE Housing Celebrates Grand Opening of Affordable Housing for Seniors in San Leandro

SAN LEANDRO, CA, January 31, 2020---San Leandro and nonprofit BRIDGE Housing today heralded the grand opening of La Vereda, 85 affordable apartments for seniors.

La Vereda provides one- and two-bedroom apartments to senior households earning up to 30%-50% of the area median income. Amenities include a ground-floor community banquet room with an adjoining community kitchen and an exterior courtyard. BRIDGE is partnering with Episcopal Senior Communities to provide services to residents.

La Vereda is the second phase of a master-planned development built on a former BART parking lot across from the San Leandro BART Station. The first phase, completed in 2017, includes Marea Alta (115 affordable family apartments), a future child care center and more than 240 below-grade parking spaces for BART patrons. La Vereda, like Marea Alta, was built using modular construction techniques.

Residents Darleen and Paul Gutierrez, who recently celebrated their 50th wedding anniversary, spoke at the event: “Thanks to everyone who helped bring La Vereda to life—-please know that you made things better for a lot of people.”

“We’re thrilled to celebrate these new homes for seniors and the last phase of this transit-oriented development,” said Cynthia Parker, President and CEO of BRIDGE Housing. “At a time when the housing shortage is impacting people and cities everywhere, we and our partners are proud to deliver affordable homes with transit connections, proximity to jobs and community-serving spaces that benefit residents and neighbors alike.”

Financial partners for La Vereda include the California Department of Housing and Community Development, City of San Leandro, Federal Home Loan Bank of San Francisco, Housing Authority of the County of Alameda, Alameda County Community Development Agency, US Bank, Barings LLC and the California Tax Credit Allocation Committee.

The architect is Ankrom Moisan Architects and the general contractor is Cannon Constructors North. The public partner and land owner is the San Francisco Bay Area Rapid Transit District (BART).

For more information about BRIDGE, visit www.bridgehousing.com

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