Eden Housing and EPACANDO to Host Grand Re-Opening and Ribbon Cutting of Nugent Square Apartments on March 15
March 12, 2024
– Project provides 32 affordable rental homes for low-income families in East Palo Alto –
What:
Eden Housing and EPACANDO are celebrating the grand re-opening of Nugent Square, a 32-affordable rental housing project based in East Palo Alto, California. The property, which was originally build it 2004, underwent an extensive, year-long renovation. Features include updated landscaping, a new play structure and bike room, and comprehensive interior upgrades to all apartments. Additionally, a new roof equipped with state-of-the-art solar panels and electric vehicle charging stations were installed.
The project serves families earning between 30% and 50% of the area median income, which is equivalent to an annual income of $44,610 and $74,350 for a two-person household.
When:
Friday, March 15, 2024 from noon to 2 p.m.
Where:
2361 University Ave., East Palo Alto, CA 94303
Photo and Video Ops:
Special guests and speakers include:
- Antonio Lopez, Mayor of East Palo Alto
- Warren Slocum, San Mateo County Board of Supervisors
- Fiona Hsu, Silicon Valley Bank
- Armando Sanchez, HEART
- Owen Patterson, CCRC
- Eden Housing and EPACANDO leadership team and residents
Funding and lenders:
County of San Mateo, City of East Palo Alto, U.S. Department of Housing and Urban Development (HUD), California Tax Credit Allocation Committee, Housing Endowment and Regional Trust of San Mateo County, Silicon Valley Bank, National Equity Fund and California Community Reinvestment Corporation.
About Eden Housing
Eden Housing is a nonprofit organization with more than 55 years of experience providing safe and affordable housing that helps families stay secure, allows communities to thrive, and solves many of the most pressing housing challenges facing California cities. Since its inception, the Bay Area-based organization has developed more than 10,000 affordable homes and is a leader in making its residential communities environmentally sustainable and efficient through integrating energy conservation. Eden is also known as a champion of housing policy advocacy at the local, state, and national level, supporting practices that both create and preserve affordable housing for diverse communities. Learn more at www.edenhousing.org.
About EPACANDO
The East Palo Alto Community Alliance Neightborhood Development Organization (EPACANDO) is dedicated to creating affordable housing and promoting community and economic development in the City of East Palo Alto. For more than three decades, EPACANDO has worked for “progress of, by, and for” its local residents, including a strong emphasis on anti-displacement. They pursue this by co-developing permanently-affordable rental housing (450 apartments to date), and supporting residents in acquiring and maintaining homeownership. Learn more at https://epacando.org/about/.
Media Contact:
Birgit Johnston, Johnston Communications for Eden Housing
(408) 656 8025, birgitjohnston@me.com