Livermore celebrated the grand opening last month of Chestnut Square Senior Housing, the first phase in the city’s vision of transforming an underutilized site along Chestnut Street into an inter-generational community with easy access to public transportation and community amenities, both onsite and nearby.
“This is an incredibly exciting day,” said Mayor John Marchand. “We get to celebrate a site that is now home to more than 70 senior households, who can breathe easy knowing that they’ll be able to stay in the community where they’ve raised their families and built their lives.
“And we get to see the progress being made on soon-to-be homes for many of our city’s working families,” Marchand said. “Still, we know there is more to do to ensure that all of our residents have a quality home they can afford.”
Chestnut Square Senior Apartments provides 71 rental apartment homes for low-income seniors, including five apartments set aside for formerly homeless households. As evidence of the need for affordable housing among the senior population, MidPen Housing Corporation, which developed and manages the complex, said it received more than 650 applications during a 2-week period, and more than 500 remain on a waiting list.
On an adjacent site, Chestnut Square Family Housing, also being developed by MidPen, is under construction and will provide 42 apartment homes for working families. Shared open spaces, including a courtyard and BBQ area, will connect the two communities. The mixed-income 4.31-acre community will also include 44 for-sale market-rate townhomes currently being built by Taylor Morrison.
Financing for Chestnut Square Senior Housing was provided by the City of Livermore, the Housing Authority of the City of Livermore, the California Tax Credit Allocation Committee, the California Community Reinvestment Corporation, the Federal Home Loan Bank of San Francisco AHP Program, and Wells Fargo.