{"id":12832,"date":"2015-03-25T05:00:27","date_gmt":"2015-03-25T12:00:27","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=12832"},"modified":"2026-02-22T15:30:02","modified_gmt":"2026-02-22T23:30:02","slug":"slo-affordable","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/slo-affordable\/","title":{"rendered":"SLO Affordable"},"content":{"rendered":"

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<\/a> (HASLO), a Yardi cli\"South<\/a>ent; and builder ROEM Corporation<\/a>. It was designed by KTGY Group Inc.<\/p>\n

“HASLO is very pleased to be part of this very complex public-private partnership that addresses the Central Coast\u2019s workforce housing need,” said Scott Smith, Executive Director of HASLO. “<\/strong>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.”<\/p>\n

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.\u00a0 Construction duration is tentatively set for 15 months. Estimated construction completion is spring 2016.<\/p>\n

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<\/a> indicated that 88 percent of employees, and 83 percent of employers, perceived locating affordable housing in the region as a difficult challenge.<\/p>\n

HASLO is ranked as a \u201chigher performer\u201d by HUD, and in 2014 was one of 19 organizations nationally that received an Award of Excellence from the National Association of Housing and Redevelopment Officials.<\/p>\n

Located on a 1.53-acre urban infill site in downtown San Luis Obispo, the $14.1 million South Street Family Apartments development will provide a sustainable community for its residents while enhancing the existing neighborhood. The building\u2019s contemporary mix of urban-industrial and craftsman-style architectures will complement the South Street corridor location, not far from downtown. Amenities will include a community room with a kitchen, a laundry facility, a homework center, a courtyard area with a barbecue, an outdoor playground, and bike storage room for residents.<\/p>\n

“The City of San Luis Obispo is proud to be a supportive partner in this much needed 100% affordable housing development. We recognize the significant shortage of affordable housing in our community and look forward to the completion and addition of these apartments to our housing inventory,” said City Councilman Dan Carpenter, who was on the City Council when the development was approved in 2011. \u201cMany families will benefit from this joint venture between ROEM and HASLO, and we look forward to future collaborative efforts that will contribute to our ongoing housing goals.”<\/p>\n

South Street Family Apartments will be constructed using sustainable building methods and will incorporate a number of \u2018green\u2019 features designed to ensure its long-term energy-efficiency and sustainability. Along with complying with CALGreen Building Codes, South Street Family Apartments will pursue USGBC’s LEED-H Gold certification, by incorporating the following:<\/p>\n