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Featured in Palo Alto Weekly’s Home
& Real Estate section on Friday, April 15, 2005, page 33.
The Palo Alto Housing Corporation (PAHC)
has provided affordable housing to the community for
thirty-three years. PAHC was created as a nonprofit public
benefit corporation in 1970 at the initiative of the City
Council. Even then, there was a large unmet need for affordable
housing.
Over the years, PAHC has
developed over 650 units of affordable housing in all areas of
the City and using all available financing programs. This
housing is available for rent to eligible households of low and
moderate incomes. These efforts have helped preserve diversity
in our community.
Our newest and most visible
project is Oak Court Apartments, a residential community of 53
apartments near downtown Palo Alto at Ramona, Channing and
Bryant near the Summerhill Homes development on land formerly
owned by the Palo Alto Clinic. It will accommodate low and
middle-income families who work in the community. Residents will
be able to walk or bike to work or public transit. We all
benefit. Oak Court Apartments was designed by the renowned
architectural firm, Pyatok Associates. The development
incorporates Acorn House, a restored historic house which will
be 100 years old next year. It now serves as the
office/community center/manager’s housing for Oak Court
Apartments.
Oak Court Apartments is PAHC’s
third major development near downtown. The others are Alma
Place, a single resident community of 106 studio apartments at
753 Alma Street and Webster Wood Apartments, a residential
community of 68 units at Channing and Webster Streets. Other
PAHC housing is spread about the City and can be viewed at the
PAHC website,
www.paloaltohousingcorp.org.
The City of Palo Alto and the
community have been committed to our goal. As the need for
affordable housing becomes more critical for nearly all income
groups, the need for support grows. We continue to seek ways to
keep low-income workers, moderate-income teachers, and other
essential Palo Alto employees housed in our community. |