CSH is a proud supporter of the new Willow Housing Apartment Project located on the grounds of the Veterans Affairs (VA) healthcare complex in Menlo Park, California. CSH Senior Loan Officer Toby Lieberman recently attended the ground-breaking ceremony and was recognized for our pre-development loan of $500,000 and technical assistance. The residence will provide affordable, high-quality supportive housing for homeless and at-risk veterans, obviously in close proximity to a wide array of VA health services. In-house supportive services also are included in the plans and will promote wellness, vocational training, self-sufficiency and self-determination.
A key priority in the design of the site is to coordinate with the surrounding development patterns and the design standards of the community, as well as the existing VA hospital’s historic facades. The attractive site design preserves mature heritage oak trees and includes serene outdoor recreation space for residents. The land is made available through the VA’s BURR Initiative, which contributes underutilized land and buildings toward the goal of ending veteran homelessness.
In addition to CSH, other financial partners include the City of Menlo Park, County of San Mateo, VA, and the California Tax Credit Allocation Committee’s Federal, State LIHTC programs, LISC, Silicon Valley Bank and National Equity Fund.
Willow Housing FAQs
Owner: Willow Housing, LP
Sponsor: CORE Affordable Housing
Investor Limited Partner: National Equity Fund, Inc.
Address: 605 Willow Road, Menlo Park, CA
Number of Units: 60 units
Construction Start: December 2014
Property Management: EAH, Inc.
Architect: VTBS Architects
General Contractor: Core Builders
Square Footage: Approximately 44,300 sf