News

Ribbon cutting for apartments set Wednesday

Ribbon-cutting ceremony will mark official completion of $22.9-million, 56-unit low-income housing project

A ribbon-cutting ceremony late Wednesday morning (Aug. 11) will mark the official opening of the new 56-unit Alta Torre apartments for low-income residents. The apartments are a $22.9 million project by Bridge Housing Corp., a nonprofit developer of affordable housing in California for working families and seniors.

The ceremony will start at 11:15 a.m. at 3895 Fabian Way in southeast Palo Alto. Alta Torre is part of a larger 12-acre mixed-use redevelopment of the former Sun Microsystems headquarters.

Santa Clara County Supervisor Liz Kniss and Bridge Housing Corporation CEO Cynthia Parker are scheduled to speak, along with representatives of two banks that helped fund the project: Silicon Valley Bank's Christine Carr and Union Bank's Annette Billingsley.

Bridge spokeswoman Lyn Hikida said the apartments will serve seniors with annual incomes ranging from $10,632 to $37,280. Rents range from $443 to $742 per month, depending on income and household size. The apartments accommodate households of up to three people.

-- Palo Alto Weekly and Bay Cities News Service

Comments

Like this comment
Posted by Time-For-A-Change
a resident of Community Center
on Aug 10, 2010 at 11:30 am

It's time for a sea-change in the law, where people like those who will live in these apartments is concerned. Such people living in these apartments should not be able to vote on property tax increases for people who do pay property taxes.


Like this comment
Posted by PA Renter
a resident of Charleston Meadows
on Aug 10, 2010 at 11:37 am

Landlords pass on property tax increases in the form of higher rents. You're out of your mind if you think that renters aren't effectively paying for property taxes.


Like this comment
Posted by kk
a resident of Barron Park
on Aug 10, 2010 at 11:57 am

That's nice...........nothing for children.


Like this comment
Posted by Paul
a resident of Downtown North
on Aug 10, 2010 at 12:19 pm

"Such people living in these apartments should not be able to vote on property tax increases for people who do pay property taxes."

And straights should not be able to vote on marriage for gays, right?


Like this comment
Posted by Citizen
a resident of Midtown
on Aug 10, 2010 at 5:44 pm

Time-for-a-change -

You are 100% right. Its insane that non-parcel owners can vote on parcel tax increases. The worst offenders are the seniors who can vote to increase parcel taxes and who then can get exemptions from the parcel taxes. Also, why should Stanford kids who rent in PA be able to vote on how much property owners pay in taxes?

Its time for no representation without taxation. Like Joe Biden says, the elderly and renters need to get in the game and pay their fair share.


Like this comment
Posted by Mike
a resident of College Terrace
on Aug 11, 2010 at 2:46 am

Nice!


Like this comment
Posted by ufo223
a resident of Triple El
on Aug 11, 2010 at 9:02 am

no need to worry, the Alta Torre low income housing project is built directly on top of an active Superfund site as is JCC. Ever wonder why property owners buy commercial land cheap and rezone it to residential use? once the lawsuits start on this and other residential projects located on contaminated sites, local juridictions as well as property owners will be held accountable.


Sorry, but further commenting on this topic has been closed.

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