New Affordable Housing for Seniors Opens within an Innovative Senior Campus

Grand Opening of Half Moon Village Phase 2, a development of MidPen Housing, and Open House for the Half Moon Bay Senior Campus

WASHINGTON, D.C. – November 9, 2015 – (RealEstateRama) — On Thursday, November 5th, California State Senator Jerry Hill, San Mateo County Supervisor Don Horsley, Half Moon Bay Mayor Marina Fraser and other City and County leaders celebrated the Grand Opening of Phase 2 of Half Moon Village, an affordable rental apartment community developed by MidPen Housing Corporation.

Half Moon Village is a response to the tremendous need for affordable housing for seniors in San Mateo County, the most expensive housing market in the nation. Phase 1 opened in February 2014 with 45 apartment homes. Phase 2 provides an additional 115 new homes on an adjacent parcel. The two sites connect through a tree-lined pedestrian walkway and include several community gardens and a bocce ball court. Residents also enjoy a fitness center, a computer lounge and community rooms for social activities and gatherings. The 149 one-bedroom and 11 two-bedroom apartments at Half Moon Village are for seniors earning between 30% and 50% of Area Median Income which for households with one or two people is between $23,250 and $46,900.

“Housing in Half Moon Bay has become increasingly more difficult for our valued senior residents to afford,” said Half Moon Bay Mayor Marina Fraser. “So we are excited about Half Moon Village which provides 160 senior households with a beautiful and affordable home in a way that maintains the neighborly essence that Half Moon Bay residents have come to love and enhances the rest of the Half Moon Bay Senior Campus.”

“Today we celebrate the realization of a dream born years ago,” said Don Horsley, District 3 Supervisor for San Mateo County. “The completion of Half Moon Village marks the final phase of our longtime vision to create an innovative campus where seniors on fixed incomes can live, socialize and have easy access to services and community resources.”

“MidPen is proud to be a partner in building this service-enriched, affordable housing campus for low-income seniors,” said Matthew O. Franklin, President of MidPen Housing. “We believe that this community will become a model for housing our state’s fast growing population of seniors – to help them maintain a high quality of life and successfully age in place.”

The former community of Half Moon Village, which provided 60 homes originally built in 1964, had been owned and operated by the San Mateo County Housing Authority. The County also owned the adjacent vacant parcels of land. As they considered what to do with this underutilized site and nearly 50 year old housing in need of repair, the vision for a Senior Campus was born. With the completion of Half Moon Village Phase 2, the campus now provides a total of 264 affordable rental homes within three distinct housing communities that include:

• Half Moon Village – 160 affordable apartment homes owned and being developed by MidPen Housing
• Coastside Senior Housing – 40 affordable apartment homes developed by Mercy Housing California and Lesley Senior Communities which also includes the new facilities of Senior Coastsiders and the Coastside Adult Day Health Center
• Lesley Gardens – 64 affordable rental homes developed by MidPen Housing in 2004 which is now owned and operated by Lesley Senior Communities.

Located just steps from downtown Half Moon Bay, Half Moon Village is in close proximity to neighborhood amenities and community services including a public library, supermarket, and pharmacy. With two SamTrans bus lines within 1,500 feet of their apartments, senior residents have easy access to downtown as well as many other parts of the Bay Area.

Half Moon Village residents also have access to the adjacent Coastside Adult Day Health Center and community center managed by Senior Coastsiders – both of which provide a range of health care services and other supportive programs. MidPen Resident Services Corporation offers additional onsite services. MidPen Property Management provides professional onsite property management.

Financing for the $56.6 Million community (Phase 1 and Phase 2) was provided by San Mateo County Department of Housing, the Housing Authority of the County of San Mateo, the US Department of Housing and Urban Development, the California Tax Credit Allocation Committee, Union Bank and Wells Fargo. Herman Coliver Locus Architecture is the architect and Segue Construction, Inc. is the contractor.