Jan 26, 2016
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A 61-unit, low-income housing development at 25 Harbour Way in Richmond has opened, and while all the one-bedroom units are taken there are still two-bedroom units available, the property’s officials said.

Harbour View Senior Apartments, a four-story wood and steel frame property with elevator service, contains 50 one-bedroom units and 12 two-bedroom units, including a manager’s unit. The building also features a community room, laundry room, storage areas, three reading lounges, craft room, fitness room and a community garden area.

It is also conveniently situated alongside the brand new Harbour 8 park on the Richmond Greenway pedestrian and bicycle pathway.

To be eligible, applicants must constitute a senior household (55-plus years old) with incomes at or below 50-percent and 60-percent of the area median income as published by U.S. Department of Housing and Urban Development.

The $17 million project was financed through the use of tax-exempt bonds, an interest rate swap and federal low income housing tax credits. Mechanics Bank, which financed the project with assistance from other investors, worked with affordable housing developer The Pacific Companies to realize what it called a “major commitment to help create affordable housing in Richmond.”

The project is also expected to have the added benefit of improving the neighborhood, as it was built on a former industrial site that had been an eyesore.

Those interested in units can either stop by the building’s offices or visit this website.


About the Author

Mike Aldax is the editor of the Richmond Standard. He has 13 years of journalism experience, most recently as a reporter for the San Francisco Examiner. He previously held roles as reporter and editor at Bay City News, Napa Valley Register, Garden Island Newspaper in Kaua’i, and the Queens Courier in New York City.