Gadberry Court

 

 
 
       
Substantial financing for this 55-unit senior development came from the highly competitive 9% Low-Income Housing Tax Credit allocation. In addition to being within walking distance of retail centers, this development's location near public transportation and two nearby hospitals is an important benefit to the senior community.  
       
       
Completed:      
Location:   2557 Alum Rock Avenue  
Unit Mix:   55 units; 6 ELI/48 VLI/1 Manager's Unit  
Unit per Acre:   50.0  
Developer:   ROEM Development Corp.  
Architect:   James Guthrie Associates  
General Contractor:   ROEM Builders, Inc.  
Property Manager:   The John Stewart Company  
Financing:   City of San José - $3,124,834;  
    Other Partners - $7,871,301  
 
Total Funding:   $10,996,135