Nov 26, 2025 |
Link for project website: www.831waterstreet.com Developer Novin Development Corp. Service Provider Insight Housing Property Management FPI Management Development Type Five story, Type V-over-I new construction Site Area 0.91 Acres Density 154 units/acre Development Profile Total of 140 units, including: 64 units of Studio @ 374 sf 53 units of 1BR @ 453 sf 20 units of 2BR @ 827 sf 3 units of 3BR @ 1,212 sf Amenities Parking podium, commercial space, community room Service Offered Case management Supportive services Tenant referral program Resident services Resident Profile Individuals earning 30%-120% AMI, including veterans, disabled, and transitional age youth individiuals Funders CalHFA MIP 4% Federal LIHTC Traditional Debt Architect Lowney Architecture Contractor JH Fitzmaurice Inc and Novin Construction Inc. 831 Water Street is a 140-unit mixed-income multifamily development located at the corner of Water Street and Branciforte Avenue in midtown Santa Cruz. Situated on a 0.91-acre site, the project consists of a single five-story Type V-over-I building with 139 income-restricted units and one on site manager’s units. The unit mix includes 64 studios, 53 one bedrooms, 20 two-bedrooms (including 5 live/work units and 1 manager’s unit), and 3 three-bedrooms. The ground floor will feature an 800-square-foot retail space at the southeast corner and a total of 41 parking spaces. The project is supported by 64 Project-Based Vouchers from the Santa Cruz Housing Authority, including units designated for veterans (VASH), family unification program (FUP), and individuals with disabilities. Supportive services will be provided on site by Insight Housing, with services delivered from a dedicated office and community room. Located within 1.5 miles of downtown and adjacent to high-quality transit, the development...
Jul 10, 2025 |
Developer Novin Development Corp. Non Profit Partner Grace Bible Fellowship of Antioch Property Management TBD Development Type Four-story new construction Site Area 1.3 Acres Density 62 units/acre Development Profile Total of 80 residential units, including: 40 units of Studio @ 345 sf 19 units of 1BR @ 455 sf 21 units of 3BR @ 675 sf Amenities Caseworker offices, community room, gardena nd gathering spaces, interactive playscape for kids, and secure bike racks Resident Profile Special needs, individual with intellectual / developmental disability, at-risk youth and family Funders City of Antioch Grace Bible Fellowship Contra Costa County 9% Federal LIHTC Architect TBD A project initiated by a community-based faith organization to support the at-risk population, and an early example of SB4 implementation. Novin Development Corp. (NDC) has partnered with Grace Bible Fellowship of Antioch to develop Grace Commons, an 80-unit deeply affordable permanent supportive housing project. The project is located on church property at 3415 Oakley Road in Antioch. It will provide housing and essential support services to extremely low-income individuals and families, serving as an extension of the Church’s ongoing community outreach in the County. The project site is in a rural but rapidly developing part of Antioch. It will leverage the church’s existing services, including congregation activities, hot meals, daycare, an after-school program, a youth center, sports fields, a rehabilitation house, and seasonal programming. The site is listed in the housing element inventory as suitable for affordable housing and is zoned for high-density residential (R-35). ...
Jul 10, 2025 |
Developer Novin Development Corp. Service Provider Insight Housing Property Management FPI Management Development Type Acquisition and rehabilitation Site Area 0.52 acres Density 94 units/acre Development Profile Total of 49 units, including: 48 units of studio @220sf 1 units of 1 BR @290sf Amenities Resident open space, community space with on site resident services Service Offered Case management Peer support activities Substance use services Behavioral health services Physical health services Education and employment services Resident Profile Individuals earning up to 30% AMI, including those who are chronically homeless Funders HCD Homekey 3.0 City of Richmond Architect Opticos Contractor Novin Construction Inc. The Civic Center Apartments is a 49-unit acquisition and rehabilitation project with 48 studios serving households with incomes at 30 percent of the Area Median Income (AMI) or below, with 1 one -bedroom manager’s unit. All housing units will be funded through Homekey 3.0. Civic Center Apartments will be a permanent supportive housing project that will have on-site management and support ser vices to support the tenants who will believing in Civic Center Apartments. Insight Housing, a local Non-Profit, will be providing supportive services, and FPI Management will be the onsite property management. Each studio will contain a Murphy bed, a kitchenette with standard appliances, and a full bathroom. The property will contain space for on-site management and ser vices staff along with indoor and outdoor community space. Off-site amenities within two miles of the project include the public library, art center, senior center, employment and training center, emergency food pantry, and the Richmond BART Station. Subcontractors interested in submitting a bid may submit prequalification info @info@novindevelopment.com ...
Feb 3, 2023 |
Developer Novin Development Corp. Service Provider Trinity Center Leasing Criteria Yearly leasing term only Pet friendly Assigned parking included Property Management TBD Development Type Three-story, Affordable Housing Preservation Site Area 1.5 Acres Density 47 units/acre Development Profile Total of 71 residential units, including: 39 units of 1BR @ 470 sf 25 units of 2BR @ 627 sf 7 units of 3BR @ 762 sf Amenities Onsite parking, outdoor community gathering spot and outdoor pool Service Offered Case management Peer support services Substance use services Employment services Education services Resident Profile Individuals earning up to 80% AMI, including those who are homeless or at risk of homelessness Funders Enterprise through Kaiser’s Thriving Communities Fund Freddie Mac The Post Apartments provides 71 affordable rental units to individuals earning up to 80% of the area median income in a mixed-income, integrated community. Additionally, 20% of the units are dedicated to the Special Needs population, who receive services from Trinity Center, a local nonprofit that removes barriers to stable housing through compassionate services, education, shelter, and advocacy. Funding includes $10,327,500 in equity from Enterprise in partnership with Kaiser’s Healthy Housing Program, and a $14,564,000 loan from Freddie Mac. Kaiser’s Healthy Housing Program requires Novin Development Corp. (NDC) to conduct an annual resident survey to assess the quality of the Post Apartments and resident satisfaction. The survey data is used to guide NDC’s efforts in providing the most effective support for those living in the community. Through FPI Management, the community is staffed by a dedicated onsite team to provide residents with comprehensive services. The Post Apartments is located near AC Transit, Sunvalley Mall,...
Feb 3, 2023 |
Developer Novin Development Corp., Lincoln Avenue Capital Leasing Criteria Pet friendly Assigned surface parking included Property Management FPI Management Development Type Preservation, multi-story Site Area 1.07 Acres Density 50 units/acre Development Profile Total of 53 residential units, including: 21 units of 1BR @ 600 sf 9 units of 1BR @ 583 sf 6 units of 1BR @ 524 sf 17 units of 2BR @ 728 sf Amenities Swimming pool Resident Profile Households earning at or below 80% AMI (workforce housing) Funders City of Alameda Community Development Block Grant National Equity Funds Surfside Apartments, in partnership with Lincoln Ave Capital, addresses the need for affordable housing for the workforce in Alameda, CA. With 36 one-bedroom and 17 two-bedroom units, Novin Development Corp.’s goal is to bridge the gap for the missing middle in Alameda, CA by restricting units to those earning no more than 80% AMI, which would be $78,550 in 2023. Funding for this project includes $15,700,000 from the National Equity Fund, which is powered by LISC in partnership with Morgan Stanley. The National Equity Fund focuses on creating collaborative and innovative financial solutions to fund preservation sites. In addition, this project received $265,000 from the City of Alameda’s Community Development Block Grant and $162 ,000 capital contribution from Lincoln Ave Capital. The community is conveniently located near multiple open spaces, such as the Robert W. Crown State Memorial Beach, Ballena Bay, and Encinal Beach. Additionally, Surfside is within walking distance to Paden Middle School and a short drive to the Alameda Seaplane, that allows a quick and safe ferry to travel to San Francisco. ...
