HEALDSBURG – Healdsburg Family Housing held a ceremonial ground-breaking for an affordable and green housing development on its site near downtown Healdsburg Wednesday.
Construction on the city-owned land began two months ago, and the project is already 20 percent complete. The development is designed in accordance with the Build It Green GreenPoints rating system and expects to score 100 points. Also, being an affordable housing project, to qualify for funding through housing tax credits, the development will exceed Title 24 energy standards by at least 15 percent.
“The city of Healdsburg is committed to expanding affordable housing opportunities for our residents,” said Eric Ziedrich, mayor of Healdsburg. “We want to provide high-quality, healthy green communities such as Healdsburg Family Housing for our low-income residents. Our partnership with Eden Housing helps us achieving our affordable and green-building goals.”
Funding for the development is provided by the city, Silicon Valley Bank, U.S. Bancorp with 9 percent low-income housing tax credits and Federal Home Loan Bank AHP funds. U.S. Bank is investing $16.6 million in the project in exchange for tax credits.
The development is designed for families earning 30 percent to 50 percent of the area median income, which is $32,100 for a family of two, $36,100 for a family of three and up to $40,100 for a family of four.