City Breaks Ground on New Housing Project

City Breaks Ground on New Housing Project

The Housing Authority of the City of Alameda (AHA) is breaking ground on a redevelopment project at Rosefield Village. AHA has owned Rosefield Village since 1956 and will oversee all aspects of the redevelopment. When construction is completed in mid-2022, the site density will have increased from 53 units to 92 units.

Located at 727 Buena Vista Ave., with convenient access to services and public transportation, Rosefield Village, is a mixed income family housing development that offers affordable housing options for Alameda’s low-income residents. In addition, Alameda Unified School District (AUSD) employees who earn 20% to 80% of the area’s median income will be eligible to apply to live in the apartments.

“By increasing site density at Rosefield Village, the Housing Authority can continue its mission of providing affordable housing options for Alameda’s low-income residents,” stated Vanessa Cooper AHA Executive Director. “The synergy with AUSD makes this project even more impactful for Alamedans.”

City of Alameda Mayor Marilyn Ezzy Ashcraft and Alameda County Supervisor Wilma Chan virtually celebrated the groundbreaking of Rosefield Village. To view the vir tual groundbreaking video, see https://vimeo.com/525144548.

The name for Rosefield Village comes from a historic West End fam ily associated with the brand Skippy Peanut Butter. Alameda resident Joseph L. Rosefield began operation in 1932. He developed a hydrogena tion process that resulted in a longer shelf life for peanut butter. He sup posedly began operation out of his garage on Burbank Street. Rosefield sold the company to Best Foods in 1955 and today the brand is part of Unilever and Hormel.

Funding sources for Rosefield Village include the California Tax Credit Allocation Committee and the California Debt Limit Allocation Committee, the City of Alameda HOME and CDBG Program, the County of Alameda A1 Bond Funds, a Bank of America construction loan, a Freddie Mac permanent mortgage service by Greystone Servicing Company, former redevelopment funds through the Alameda Unified School District, Housing Authority of the City of Alameda loan funds, general partner equity investment from Island City Development, and Enterprise Housing Credit Investments LLC. The General Contractor is JH Fitzmaurice Inc.

Any questions on the project may be directed to Joshua Altieri Community Relations Manager at (510) 747-4321 or jaltieri@ alamedahsg.org.