SLO Affordable Mar25

SLO Affordable

A groundbreaking ceremony was held last week for South Street Family Apartments, 43 new, sustainable apartment homes for workforce families in the city of San Luis Obispo, Calif. The homes are a project of the Housing Authority of San Luis Obispo (HASLO), a Yardi client; and builder ROEM Corporation. It was designed by KTGY Group Inc. “HASLO is very pleased to be part of this very complex public-private partnership that addresses the Central Coast’s workforce housing need,” said Scott Smith, Executive Director of HASLO. “The result is a permanent affordable housing resource available to the San Luis Obispo community. The affordability and location close to jobs are ideal. Reduced job commutes will enhance quality of life, and affordable rents will enable family investment in other essentials like education, healthcare and quality childcare. We look forward to seeing hundreds of lives flourish at the South Street Apartments community.” South Street Family Apartments will offer 43 affordable apartment homes, including one manager’s unit, and will be available to families with annual incomes at or below 60% of the San Luis Obispo County Area Median Income (AMI). South Street Family Apartments will feature one, two and three bedroom rental homes with unit sizes ranging from approximately 570 square feet to 1,010 square feet.  Construction duration is tentatively set for 15 months. Estimated construction completion is spring 2016. Affordable housing options are limited on California’s Central Coast, and workforce housing is in high demand. HASLO assists 3,000 families per month, on average, with finding and retaining affordable housing. A recent survey indicated that 88 percent of employees, and 83 percent of employers, perceived locating affordable housing in the region as a difficult challenge. HASLO is ranked as a “higher performer” by HUD, and in 2014 was one of...