Meta Housing Breaks Ground on Mixed-Use Senior Apartment Community in Hayward

Hayward, Bay Area, Downtown Hayward Senior Apartments, Meta Housing Corporation

Downtown Hayward Senior Apartments Groundbreaking

HAYWARD, Calif., (February 10, 2016) – Meta Housing Corporation has broken ground on the Downtown Hayward Senior Apartments, a new, mixed-use, 60-unit affordable housing development for seniors in Hayward, California. The new development will consist of approximately 6,000 square feet of retail space on a nearly-one-acre lot in the city’s downtown.

“The Hayward community and the East Bay area, in general, have been experiencing rapid rent growth over the last decade,” says Kasey Burke, President of Meta Housing Corporation. “This significant increase in rents is creating a tremendous need for affordable housing throughout the region, and it’s often seniors who feel the brunt of these rental increases.”

Burke explains, “Seniors tend to be living on fixed incomes and are not able keep up with the extremely high shifts in rent throughout the area. This new development will fill a deep need in the community by providing a high quality and safe environment that seniors can afford.”

The Downtown Hayward Senior Apartments will be located approximately two blocks from the Hayward BART station, a block away from the city’s newly constructed public library and within walking distance to retail stores, parks, and services. The new apartment community will be developed in partnership with Community Home Builders and Associates.

Financing for the project was provided by Redstone Equity Partners, Enterprise Community Partners, Inc., Citibank, CalHFA, Federal Home Loan Bank of San Francisco, the State of California Department of Housing and Community Development (HCD), Alameda County Housing and Community Development Department, California Community Reinvestment Corporation, and the California Tax Credit Allocation Committee.

Aaron Mandel, a Senior Vice President with Meta Housing, says, “When developing a new community in any city, we focus on bringing value to the residents, and also to the city as a whole. This apartment community does just that. By transforming a blighted vacant lot into a high quality affordable community with a retail component, we are able to improve upon the existing neighborhood and enhance the overall vitality of the city.”

The building will be designed and constructed using sustainable, “green building” principles, and will obtain a Green Point Rated 125 or equivalent and LEED Gold Certification or equivalent. The apartment community will also utilize drought tolerant landscaping and a drip irrigation system.

“From the initial design stages through construction of each of Meta Housing’s projects, we work to create sustainable designs that flow seamlessly into the existing surroundings, and reduce the overall carbon footprint of the community,” says Mandel. “By integrating green features and implementing drought tolerant landscaping in the Downtown Hayward Senior Apartments, we are able to reduce the building’s impact on the local community and optimize water efficiency.”

In addition to sustainable features, Mandel notes that each of Meta Housing’s projects are created with elements that encourage active engagement and participation to help seniors to remain active and healthy.

“We’re building communities where older adults are not just sitting in front of a television, but rather, they are flourishing by interacting with others and enjoying strong social ties,” says Mandel.

This property will feature a series of amenities that help to further establish these social ties, including a large community courtyard and water feature, large community room, computer and multi-media room, outdoor barbeques and tables, communal kitchen, library, and fitness center.

The project will be located at 808 A Street in Hayward, California, and will incorporate a mix of one-and two-bedroom floor plans.

Meta Housing Corporation currently has 60 projects in operation. The company also has 11 other projects in the pre-development phase.

About Meta Housing Corporation
Since 1993, Meta Housing Corporation has established itself as one of Southern California’s most experienced and trusted developers of apartment communities for families and seniors, developing more than 6,000 residential units. Additional information is available at www.metahousing.com.

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