An effort to bring more than 40 affordable housing units to the city, San Marcos hit a milestone with a groundbreaking Thursday for Eastgate Apartments.
The three-story building on the corner of Grand Avenue and Creekside Place is being developed by Affirmed Housing Group with funding assistance from the County, the city of San Marcos and other financing.
The apartment complex consists of 42 units: six studios, five one-bedroom units, 18 two-bedroom units and 13 three-bedroom units. Except for a manager’s unit, all will be set aside for low-income tenants and their families.
The site will also include more than 7,000 square feet of commercial space and a community room for residents. The property will be built to LEED Silver standards with rooftop solar and other energy efficient features.
“This development will do more than help families find safe and affording housing,” said Todd Henderson, director of Housing and Community Development. “It will create a neighborhood that residents are proud to call home.”
In addition, veterans will be given preference during the rental application process. And veterans living at Eastgate will be offered supportive services such as case management, assistance obtaining employment, help getting education, benefits support and informing on financial aid.
Nearly $2 million of the $18 million project comes from a County loan through the U.S. Department of Housing and Urban Development. The city of San Marcos provided the land and a portion of the funding for Eastgate Apartments as part of its downtown development plan.
Project completion is expected in March of 2017.
For more information, call 1-800-801-8440 ext. 7153 or visit Affirmed Housing Group’s website at affirmedhousing.com.
At the east end of an area marked for redevelopment, Eastgate will serve as the entry project to San Marcos’ trendy new downtown. Within two miles of Palomar College, Cal State San Marcos and City Hall, this distinctive mixed-use project will provide 42 units of affordable housing (9% LIHTC), specialty retail, live/work and artist lofts. It will appeal to a diverse community of emerging entrepreneurs, local artists and craftsman, college students and families, seeking the conveniences of downtown living.