Danielle Foster, Housing Policy Manager
June 28, 2022
490 and 492 Arden Way
Exempt Surplus Property for
BRIDGE Affordable Housing
Project
1.08 acre State Parcel
0.14 acre City Parcel
State Surplus
Parcel –
Opportunityfor
City Parcels
- 2,050 square foot
building, former North
Sacramento Chamber
- Underutilized, vacant due to
deferred maintenance,
accessibility, and retrofit costs
- Low property value
- Challenging to utilize
- Streamlined process
• Housing Needs
• 5,000 units of permanent
supportive housing
• 16,700 units of affordable
housing units needed under
RHNA
• Childcare Needs
• District 2 has approx. 10,000
children ages 0 -4
• Less than 2,500 licensed
childcare spaces, 7,500
space gap need
Parcels in
Project:
20 units and
Childcare
Building
440 Arden Way
Public Meeting in conjunction with
ABOUT BRIDGE
Nonprofit founded in 1983. Headquartered in San Francisco with offices in San Diego, Los Angeles, Orange County, Portland and Seattle
Participated in the development of more than 18,000 homes and apartments on the west coast, with total development cost of over $3 billion
Nearly 13,000 apartments currently under property and/or asset management $3.8 billion in total development cost under construction and in pipeline 350+ resident programs at 80+ properties
Construction
Project timeline
Winter 2020
- Spring
2021
Summer
2021 – Jan
2022
Winter
2021 – Fall
2023
Winter
2023 –
Fall 2025
Fall 2025
– Winter
2025
State Selection
Process
Due Diligence
& Env. Review
Design &
Financing
Lease-up &
Opening
Community Engagement
April 2021
State
Awards
Project to
BRIDGE
May 2021
SHRA awards
10 Project
Based S8
Vouchers
Nov. 2021
BRIDGE
launches
community
engagement
website
January 2022
BRIDGE
presents to
local PBID, Del
Paso Blvd
Partnership
March 2022
BRIDGE
presents to
Woodlake
Neighborhood
Association
May 2022
SHRA awards
additional 21
Project Based
S8 Vouchers,
31 Total
January 2022
State completes
CEQA review
Responding to Community & Council
Fe e dback: Parking
Parking increased from 67 to 100
spaces
Building will feature car / EV sharing
City parking division working with
BRIDGE to ensure management of
on- and off-street parking
Responding to Community & Council
Feedback: T raffic
Traffic study underway
BRIDGE working with City
transportation division and SacRTto
understand and improve traffic at
surrounding intersections
Responding to Community & Council
Feedback : Meeti ng Space
Neighbors concerned about limited
access to Woodlake Clubhouse
meeting space
BRIDGE will provide monthly access
to 440 Arden Way community room
to Woodlake Neighborhood
Association
Responding to Community & Council
Fe e dbac k: Building Massing
Responding to Community & Council
Fe e dbac k: Building Massing
Thank you!