Cities Index.
678 Ralston Presentation (Developer)

Belmont City Council
May 27, 2025

Document
678 Ralston Presentation (Developer)
Meeting
May 27, 2025
Body
Belmont City Council
Original file
776 KB
Text extracted from the city's file for reading and search. Open the original on belmont-ca.granicus.com. That file is the official record.

The Ridge at Ralston
678 Ralston Avenue
1 2
• Established in 2019 led by executive leadership
with decades of experience in affordable housing
• Current Pipeline
• 750 Units Completed
• 809 Units Under Construction
• Additional projects in various
predevelopment stages
• Municipalities where we are building include
San Diego, San Jose, Sacramento, and
Burlingame.
• Regularly Featured in Affordable Housing
Finance’s Top 50 Affordable Housing Developers
Location
Highest Opportunity Area: Per CTCAC
and HCD Guidelines
Walkability/Access to Public Transit:

Walking distance to CalTrain and SamTrans
stations
Community Amenities: Close proximity to
vital community amenities such as grocery
stores, medical/pharmacy facilities, and
public recreational areas
3 The Community
4 Area Median Income (AMI) 1BR 2BR 3BR Totals
70% 4 4 4 12
50% 15 11 9 35
30% PSH 11 3 3 17
Mgr. 0 0 1 1
Totals 30 18 17 65
Project Unit & AMI Mix
On-Site Amenities
• Laundry Room
• Playground
• Outdoor Recreational Areas
• Leasing Office
• Secured Bike Storage
Funding
Request
• Funding Request: CRP is graciously requesting $1.0
MM in capital funds for this much needed affordable
housing project
• Project Challenges
• Lower Targets of Affordability
• Larger Units to Accommodate Large Families
• High Construction Material Costs
• CDLAC Application Competitiveness
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