Arboleda, a new affordable housing community developed by Satellite Affordable Housing Associates, had its grand opening on May 14 in Walnut Creek.
Comprised of two three-story buildings, Arboleda provides a total of 48 homes for low-income families and those with special needs. The development is LEED Platinum certified and features a mixture of one-, two- and three-bedroom apartments, including both two-story townhomes and flats. Residents also have access to a large community room, courtyard, computer room, children’s play structure and free Internet.
Financing for Arboleda was provided by CCRC, Wells Fargo Bank, the City of Walnut Creek, Housing Authority of the County of Contra Costa, Contra Costa County HOME Investment Partnership Act funds, the California Tax Credit Allocation Committee, California Housing Finance Agency, Contra Costa Behavioral Health Services, Federal Home Loan Bank of San Francisco, California Department of Developmental Services and Regional Center of the East Bay.
Congratulations to everyone who contributed to this project and to Arboleda’s new residents.
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