State backs Hayward affordable housing development to tune of $46 million
The California Department of Housing and Community announced earlier this fall the award of $46 million from the California Housing Accelerator Fund to allow construction to proceed on 57 units of affordable housing for low-income families in Hayward.
The project, called Pimental Place, is being built on the corner of 2nd and C Streets by non-profit housing developer EAH Inc., of San Rafael, Calif., with construction anticipated to begin within 180 days.
Pimental Place will consist of 11 one-bedroom, 28 two-bedroom and 18 three-bedroom units in a five-story, all-electric building with 57 tuck-under and surface parking spaces, bike storage, a back-of-property children’s play area, a community room and additional community gathering spaces. The downtown Hayward property is near schools, churches, medical offices, grocers, restaurants and a movie theater.
The California Housing Accelerator Fund is intended to close funding gaps in locally approved, shovel-ready affordable housing development projects.
Previously, the City of Hayward awarded $2.2 million to EAH for Pimental Place—with funding drawn from multiple sources, including affordable housing fees paid by developers and Hayward Community Development Block Grant Funds.