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Senior Affordable Community to be Developed in San Ramon
Affordable housing developer and investor, Standard Communities, has led a public-private partnership in the ground-up development of Aspen Wood, a $55 million, 100% affordable senior housing community in San Ramon, CA. The complex will provide 123 residences for seniors with income between 30% and 60% of the Area Median Income.
“This is the first affordable development in San Ramon in more than 20 years. The site was originally intended for a luxury development, but we worked closely with the City to turn it into affordable senior housing,” said Sean Carpenter, Director of Development at Standard Communities.
Aspen Wood will be located at 9000 Acosta Blvd., and will include a community room, recreation room, courtyard, fitness center, business center and pet spa. Construction and long-term financing for the project were provided by East West Bank, the General Contractor is Deacon, and the design team is led by LCA Architects.
- ◦Development
