Candice Gonzalez to Depart as Palo Alto Housing President & CEO

PALO ALTO, Calif. – Palo Alto Housing, a leading developer and manager of low- and moderate-income housing in the San Francisco Bay Area, announced today that Candice Gonzalez will step down as the company’s president and chief executive officer in late August. Gonzalez, who served over 10 years in her current role, will join Sand Hill Property Company as its chief housing officer and managing director.

Sheryl Klein, Palo Alto Housing Board chair, will oversee the organization’s search for a new CEO and lead the board in managing the company until a new president and CEO is named. “We are grateful for Candice’s leadership over the last decade and the strong team that she has assembled, which will make this transition seamless,” said Klein. “Candice is leaving Palo Alto Housing in a very strong position with a healthy pipeline of projects. We are looking forward to the next chapter at Palo Alto Housing and wish Candice the best in her new role.”

“This is bittersweet as it has been my great privilege to work with such a dedicated and passionate board of directors and staff,” said Gonzalez. “I am so proud of what we have accomplished together at Palo Alto Housing.”

Gonzalez continues, “We have seen an evolution in our strategic plan, a tremendous strengthening of our financial position, and significant geographic and organizational expansion over the last 10 years. With our substantial pipeline, we are on target to nearly double our number of housing units in the next few years. More importantly, we will more than double the number of people we house, while also increasing the scope and quality of support services we provide. We will continue to change lives and create more vibrant communities.”

“I am passionate about housing for all income levels and my new position at Sand Hill Property Company will allow me to continue to make a positive impact in the housing world,” said Gonzalez. “I am confident that Palo Alto Housing will continue to be a strong force in the affordable housing industry.”

Palo Alto Housing has a significant pipeline of new development projects with about 600 residential units in various stages of planning and development. The pipeline includes a new 67-unit affordable housing community located at 2821 El Camino Real in Redwood City, California, which recently received entitlements from San Mateo County. Construction on the new affordable community in Redwood City is expected to begin in early 2019. Eagle Park Apartments, a 67-unit affordable apartment community in Mountain View, California, will house low-income veterans and households earning up to 60 percent of the Santa Clara County Area Median Income (AMI). Expected to be completed in late 2018, this approximately half-acre property is centrally located in Mountain View at 1701 W. El Camino Real, within walking distance of groceries, pharmacies, restaurants and public transit.

About Palo Alto Housing
In its 48 years of service, non-profit Palo Alto Housing (PAH) builds, develops, acquires, and manages low- and moderate-income housing in the San Francisco Bay Area. With over 700 owned and managed units located on the Peninsula, PAH provides high-quality, award-winning housing with subsidized rents, to the greatest degree possible, and supports its residents in reaching their goals through its robust Resident Services program. Palo Alto Housing continues to expand its portfolio and focuses its future housing efforts along transit corridors on the Peninsula. For more information, visit www.pah.community.

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