Wall Raising Ceremony at Sequoia Belle Haven, a Development of MidPen Housing
On May 5th Menlo Park Mayor Rich Cline and San Mateo County Supervisor Warren Slocum joined other city and county leaders to celebrate the construction of Sequoia Belle Haven, an affordable rental community being developed by MidPen Housing.
Sequoia Belle Haven is a response to the tremendous need for affordable housing for seniors in the most expensive housing market in the nation. It represents phase one of the revitalization of the Gateway Apartments which have provided 130 affordable homes for families and seniors spanning two city blocks in Menlo Park’s Belle Haven neighborhood, one block from Facebook’s headquarters. Originally built in 1960, MidPen acquired the community in 1987. Sequoia Belle Haven is the redevelopment of one of the blocks. On the site which previously contained 48 apartments, Sequoia Belle Haven will provide 90 brand new affordable rental apartments for the community’s senior population as well as additional senior residents.
“We’ve long had a vision for revitalizing this community located on one of the Peninsula’s main thoroughfares. That vision included providing additional homes,” said Matthew O. Franklin, President of MidPen Housing. “It took the City’s initiative to rezone the site to make that happen. We applaud their leadership and look forward to welcoming more seniors home here next year.”
Expected to open in spring of 2017, Sequoia Belle Haven will provide 86 one-bedroom and 4 two-bedroom apartment homes for low-income seniors earning up to 50% of Area Median Income which is $49,200 for a two-person household.
The community will also feature a fitness center, a computer lab, and a community room with a kitchen for larger gatherings as well as a courtyard and outdoor walking path.
Sequoia Belle Haven residents will have access to onsite programs and services provided by MidPen Resident Services and a network of third party providers. These include health and wellness programs like meditation and nutrition workshops, onsite health screens and assessments, financial literacy courses, and social programs and events. MidPen Property Management Corporation will provide professional property management.
Financing for the $43M development was provided through both public and private sources including the City of Menlo Park, the County of San Mateo Department of Housing, the Housing Authority of the County of San Mateo, the California Tax Credit Allocation Committee, the US Department of Housing and Urban Development, Federal Home Loan Bank of San Francisco and Wells Fargo Bank.