• Alta Torre Apartments

     
  • CDF Case Study


    Alta Torre Apartments

    Project Scope

    Alta Torre Apartments is a 100% affordable 56-unit senior rental project developed by Bridge Housing Corporation in Palo Alto, CA.

    Adjacent to the project is the Taube Koret Campus for Jewish Life.  Residents are able to make use of the amenities available including senior friendly wellness programs and physical activities, attending concerts, plays, lectures, or discussions groups, and use the Oshman Family Jewish Community Center's new state-of-the-art fitness center and pool.

    Services are provided by the Silicon Valley Council on Aging and Palo Alto-based Avenidas.  Residents have access to comprehensive health services including adult day care, coordination of in-home services, case management, and a variety of other community programs at nearby off-site locations conveniently accessed by a free shuttle service. 

    Lending a Hand

    The four-story building provides 55 one-bedroom units serving seniors earning 25%-40% of AMI ($18,575–$29,720 for one person) in Santa Clara County.  

    Helping Finance

    SVB provided a $10,141,355 tax-exempt bond purchase loan for construction.

    Results

    The project was completed in May 2010.