The Ridge on
Masonic
951 Old
County Road
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• Established in 2019 led by executive leadership
with decades of experience in affordable housing
• Current Pipeline
• Nearly 1,300 Units Completed
• Over 560 Units Under Construction, with
760 units starting construction this year
• Municipalities where we are building include
San Diego, San Jose, Sacramento, and
Burlingame.
• Will start construction on the 65-Unit Ridge at
Ralston project this summer. A testament to
what can be achieved through private-public
partnerships
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 On-Site Amenities
• Indoor Community Room
• Playground
• Outdoor Recreational Areas
• Residential Services
• Bike Storage
• On-Site Retail
AMI 1BR 2BR 3BR Totals
70% 11 13 12 36
60% 3 3 3 9
50% 3 2 2 7
30% 4 3 3 10
Mgr. 0 0 1 1
Totals 21 21 21 63
Project Unit & AMI Mix
Funding
Request
• Funding Request: CRP is graciously requesting $2.0
MM in capital funds for this much needed affordable
housing project
• Project Challenges
• Low Targets of Affordability
• Larger Units to Accommodate Large Families
• Construction Costs and Interest Rate Hikes
• CDLAC Application Competitiveness
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