The San Pablo City Council recently approved a $5.9 million loan for Phase 2 of Alvarado Gardens, a proposed 100-unit affordable, mixed-use housing development located at the old civic center site in San Pablo.
Alvarado Gardens is the city’s largest affordable housing project approved to date.
The first phase of the development is currently underway and includes the first 50 units of this project. The first phase is slated to be completed by the end of this year.
Danco Communities, the project’s developer, will use the additional project financing to pursue additional low-income housing tax credits through the California Tax Credit Allocation Committee (TCAC), which facilitates the investment of private capital into the development of affordable rental housing, according to the city. Phase I received a previous TCAC allocation in September 2022.
The City of San Pablo has been permitting a number of housing projects over the last three years in order to meet state requirements on the development of affordable housing, according to Mayor Patricia Ponce, calling the investment in housing “monumental” for the community.
The proposed project features units from one to three bedrooms with on-site parking and 7,500 square feet of commercial space that will be leased to an eligible, local San Pablo business.
For more information on the project, visit here.
