Rodeo, CA

CoCo approve $4.45 million loan for senior housing units in Rodeo

Built in the Bay
(Amir Levy / Getty Images)

(WALNUT CREEK, Calif.) The Contra Costa County Board of Supervisors unanimously approved a high-density senior residential housing unit in Rodeo during Tuesday's meeting.

According to supervisors' staff report, published in part by Patch, the units will go to low-income and very low-income senior households.

"It definitely is going to provide much-needed services to members of our senior community in the Rodeo area, and the surrounding area," said District 5 Supervisor Federal Glover. Glover's district includes Rodeo and the surrounding areas along the water.

The Rodeo Senior Phase 2 Apartments, as they will be called, will sit on the north side of Willow Avenue, between 710 Willow and I-80 westbound ramp. The parcel slated for development, which is just under an acre, was part of a more than two-acre tract acquired by the county's redevelopment agency in the late 1990s.

The project will reportedly include at least 1,250 square feet of community space.

La Loma Rodeo EAH, a recently registered, limited liability corporation based out of San Rafael is tasked with developing the site. The county will provide an additional $4.45 million loan for the site from the county redevelopment agency's low-and moderate-income housing fund.

The company owns and manages the northern tract of the parcel that already holds a 50-unit senior housing complex called the Rodeo Gateway Apartments.

The 3% interest loan will have a 55-year term and the property will not close escrow until next year. Once finished, the project will be the second senior housing facility in Rodeo and the third senior care facility in the area.

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