The city of Pasadena and BRIDGE Housing recently broke ground for Heritage Square South at North Fair Oaks Avenue near Orange Grove Boulevard.
This property is the second in Pasadena to be developed by BRIDGE, a nationally recognized nonprofit developer, owner and manager of affordable housing.
Heritage Square South will provide 70 new permanent supportive housing apartments for extremely low-income seniors who have experienced homelessness.
Planned property amenities include a leasing office, onsite manager, 24-hour security, laundry rooms, an outdoor courtyard and a community room. Intensive case management services will be provided by Union Station Homeless Services. The property is expected to be complete in November 2023.
Heritage Square South is immediately adjacent to Heritage Square, which provides 70 affordable apartment homes for seniors with low incomes. Completed in 2016, Heritage Square is an example of a partnership between the City of Pasadena and BRIDGE.
“I want to thank BRIDGE Housing for being a great partner with the city of Pasadena,” said John J. Kennedy, councilmember, District 3.
“The City Council has tremendous confidence that this project will be a success based on BRIDGE’s performance with Heritage Square Senior Apartments North. We all look forward to the opening of this project and its impact on the lives of 69 of our formerly homeless seniors.”
“We’re proud to collaborate on developments like Heritage Square South that help people thrive and deliver tangible solutions to the housing and homelessness crisis,” said Ken Lombard, president and chief executive officer of BRIDGE Housing.
“Furthermore, we’re continuing our commitment to the city’s robust local benefits plan.”
For Heritage Square, BRIDGE hired 20% of the construction workforce from Pasadena, procured 81% of construction supplies from companies located in Pasadena, and awarded 39% of subcontracting opportunities to local companies.
“Wells Fargo is proud to be the lead construction lender and LIHTC investor for this project, allowing us to expand our efforts to help increase access to affordable housing in our region,” said Gregg Sherkin, senior vice president, senior manage social impact, Southern California.
“It’s inspiring to see such an important project coming to life and know that when it’s completed, some 70 senior citizens will have safe, secure and supportive housing, allowing them to benefit from all that this wonderful community has to offer.”
Financial partners for Heritage Square South include the city of Pasadena; Wells Fargo Bank NA; JLL Real Estate Capital LLC; and the California Tax Credit Allocation Committee. The architect for Heritage Square South is KTGY Architects and the general contractor is RD Olson.
Speakers at the groundbreaking included Pasadena Mayor Victor Gordo; Pasadena Councilmember John J. Kennedy, District 3; Assemblymember Chris Holden, 41st District, California State Assembly; Rep. Judy Chu, 27th Congressional District, U.S. House of Representatives; Supervisor Kathryn Barger, 5th District, Los Angeles County Board of Supervisors; Bill Huang, Pasadena housing director; Ken Lombard, president and chief executive officer, BRIDGE Housing Corp.; Anne Miskey, chief executive officer, Union Station Homeless Services; and Gregg Sherkin, senior vice president, senior manager, social impact and sustainability, Wells Fargo.
Source: pasadenaweekly.com
