HAYWARD, Calif. — Meta Housing Corp. has broken ground on the Downtown Hayward Senior Apartments, a 60-unit affordable development in Hayward, 15 miles southeast of Oakland.
The new development will inlcude approximately 6,000 square feet of retail space on a nearly one-acre lot in the city’s downtown. Development costs are estimated at $26 million.
The new apartment community will be developed in partnership with Community Home Builders and Associates.
Redstone Equity Partners, Enterprise Community Partners Inc., Citibank, CalHFA, Federal Home Loan Bank of San Francisco, the State of California Department of Housing and Community Development (HCD), Alameda County Housing and Community Development Department, California Community Reinvestment Corporation, and the California Tax Credit Allocation Committee all provided financing for the project.
Meta is a multifamily developer based in California that has developed more than 6,000 units.