Atlantis Permanent Supportive Housing

Project Description 

The development will consist of approximately 63 units, a community center, and ground floor office space with a proposed unit mix as follows:
24 one bedroom units: 600 sf
39 two bedroom units: 900 sf

Financing for the residential portion of the development is intended to be conventional at a market rate, which currently is approximately 5% interest, fixed for a long-term (15-yr. term, 30-yr. amortization).

The site is located north of the Alameda light rail station, adjacent to the historic Baker Neighborhood. It is a flat site at just over one acre with existing city services to the property. While there is easy access from both Cherokee Street and Cedar Avenue, the site is very tight and staging will present a challenge.