Boston Capital is investing in the renovation of San Pablo Hotel, a 144-unit apartment community for seniors ages 55 or older in Oakland, Calif. The general partner is East Bay Asian Local Development Corporation (EBALDC), a nonprofit affordable housing development company headquartered in Oakland. Originally built in 1907 as a hotel, the property was converted to affordable senior rental housing in 1994 through the Low Income Housing Tax Credit (LIHTC) program.
San Pablo Hotel will offer 110 single room occupancy (SRO) and 30 studio units to seniors with incomes at or below 30 percent of AMI, two studio units for residents at or below 40 percent of AMI and two manager-occupied units. The SRO units come in two-unit suites, each of which shares a full bathroom. The studio units each contain a single full bathroom. Ten percent of the units will be accessible to residents with mobility, vision, or hearing impairments. Supportive services such as counseling, short-term therapy an
