Celebrating 50 Years, Nonprofit Developer Palo Alto Housing Changes Name to Alta Housing
PALO ALTO, Calif. – RealEstateRama – Palo Alto Housing (PAH), a community-based, nonprofit developer and manager of high-quality, low- and moderate-income housing, announced today that the organization has changed its name to Alta Housing as it celebrates its 50th anniversary. The name change, which is effective immediately, reflects the organization’s evolution as a nonprofit now serving diverse communities across San Mateo and Santa Clara counties and its plans to create more affordable housing beyond Palo Alto, the city of its original name. The organization’s headquarters will continue to be located in Palo Alto, California.
Alta Housing currently owns and operates more than 20 residential communities that house over 2,000 residents and has more than 300 units in various stages of development or construction in the cities of Mountain View, Redwood City and Palo Alto.
“Today, more than ever, we are happy to be building high-quality affordable housing where individuals and families can thrive,” said Randy Tsuda, President and Chief Executive Officer of Alta Housing. “Our residential communities serve healthcare workers, seniors, veterans, teachers, small business owners, and workers in transportation, office, retail, food service, hospitality and other industries. They all are critical to the fabric of our communities.”
Palo Alto Housing started in the community it was named after in 1970 by a group of dedicated community members, but the organization’s growth, along with partnerships with major stakeholders from the area, granted the organization opportunities of aiding more people in the Peninsula region. Now, five decades later, the organization continues to be led by a dedicated board of directors made up of active participants from the local community who care about the residents and are committed to delivering high-quality affordable housing.
“We are excited to be celebrating this important milestone and the organization’s future as Alta Housing,” said Alta Housing’s Board Chair Sandy Sloan. “‘Alta’ in Spanish translates to ‘high’ and is a nod to the historic name of ‘Alta California’ meaning ‘Upper California.’ Alta Housing will continue to deliver on Palo Alto Housing’s mission to provide our community residents with opportunities for growth and advancement through quality affordable housing.”
Sloan continues, “Palo Alto Housing’s success over the last 50 years has been attributed to its strong community roots and our partnerships with organizations like Veterans Affairs and nonprofit Housing Choices to create affordable and inclusive housing opportunities for adults with developmental and other disabilities and housing that can serve veterans and the homeless.”
Alta Housing has two 100% affordable housing developments which will be inclusive for adults with intellectual or developmental disabilities, Wilton Court in Palo Alto and 950 W. El Camino Real in Mountain View. Both communities are expected to break ground this year.
Alta Housing is currently under construction on 67 residential units at 2821 El Camino Real in the North Fair Oaks neighborhood in San Mateo County. The new, 100% affordable housing community will provide independent living for a mix of low-income families, including veterans. The new community is slated for October 2020 completion.
For more information about Alta Housing, visit www.altahousing.org.
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