MidPen Housing Corporation, which works in 11 Northern California counties and has an office in Santa Rosa, held a grand opening for its Fetters Apartments complex on Jan. 18.
The project includes 19 one-bedroom, 22 two-bedroom and 19 three-bedroom apartments for low-income households earning up to 60 percent of area median income, which is $52,860 for a four-person household, according to the company.
The property also features a community room, a computer lab and an after school program classroom for youth. Financing for the nearly $27.5 million development was provided through both public and private sources, including the Sonoma County Community Development Commission, Sonoma County Housing authority, California Tax Credit Allocation Committee, Federal Home Loan Bank Affordable Housing Program, Wells Fargo Community Lending and Citi Community Capital.
Next phase of the project is expected to begin construction later this year.
The Fetters project was a 2016 Business Journal Top Real Estate Project.