Feb 3, 2023 |
The Post Apartments provides 71 affordable rental units to individuals earning up to 80% of the average median income in a mixed-income integrated community. Additionally, 20% of the units are dedicated to the Special Needs population, receiving 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 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 a yearly survey with residents to assess the quality of the Post Apartments and satisfaction of the residents. The data is used to direct NDC’s efforts towards providing proper support for those living in the community. Through FPI Management, the community is fully staffed by a robust direct team to provide residents with the best onsite services. The Post Apartments is located near AC Transit, Sunvalley Mall, and multiple public schools. It is a short walk away from Diablo Community College and extension centers for UC Berkeley and JFK University. ...
Feb 3, 2023 |
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....
Feb 3, 2023 |
Coming Soon….SF Small Sites Preservation
Feb 3, 2023 |
936 – 940 Geary St. is a 33-unit rehabilitation project in the Tenderloin of San Francisco. Included in those 33 units are two commercial units and 31 studio units. Upon acquisition, the building was 58% occupied and we enacted a relocation plan within the building to ensure all residents had a unit to live in during rehabilitation. Considered the largest Small Sites Preservation in the program’s history, Novin Development has partnered up with the San Francisco Housing Development Corporation. Additionally, this project has received $9,868,250 in funding from San Francisco Housing Accelerator Fund and $12 ,191,855 from the Mayor ’s Office for Housing and Community Development. Our partner, San Francisco Housing Development Corp (SFHDC), is a mission-driven organization focused on fostering “…financial opportunity and stability through the development of affordable housing…” through the revitalization of various neighborhoods in San Francisco. The community is conveniently located next to the Geary and Larkin St. bus stop, serving lines 19 and 38, as well as walking distance from the Van Ness Sutter Health...
Sep 26, 2014 |
Historical Wall Street Inn designed by William Weeks has been restored to its original grandeur. Street level spaces available include Unit A-2229 SF Appleton Grill restaurant with sidewalk patio dining, historical ballroom, and adjacent bar. Located in downtown Watsonville near the new government center, Cabrillo College, transit center, post office and much more. Convenient parking garage located across the street. Right in the center of the planned “Entertainment District” of Watsonville. Elementary school located nearby at corner of Lake and...
