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August 13, 2009
Construction starts on new senior homes in Roseville
This news release just in from the City of Roseville about a new Eskaton project near Sun City Roseville:

Construction begins on affordable senior housing; Eskaton Roseville Manor slated to open next year with 49 units

Located across the street from Del Webb Sun City's southerly entrance, Eskaton Roseville Manor will provide much-needed affordable housing for Roseville's senior community (62+ years of age to qualify).

It will consist of 49 one-bedroom units of affordable senior rentals, households qualifying as low and extremely low-income.  Groundbreaking ceremonies were held July 30, with completion and tenant move-ins beginning October 2010

The City of Roseville's Redevelopment Agency reserved $500,000 toward project costs over the past five years, while Eskaton secured all of the financing necessary to fully fund the development; staff also secured $3.4 million in a HOME grant (a competitive federal/state grant process) as well as helped Eskaton obtain $5.8 million in HUD funding to finance the project. With a HUD rental assistance component, their rent will be as low as $210 month.

 Qualifying criteria are based on Roseville's income formula for applicants, based on a percentage of median income for the area.  For a two-person household, very low-income households make 50 percent of median income ($29,100), while extremely low-income households make 30 percent of median income ($17,500).

 The second phase of the development (98 units) will be undertaken when more funding sources have been identified in the future.  The City of Roseville is thankful for the efforts of Eskaton Roseville Manor, and generous assistance provided by state and federal agencies to help provide housing for senior citizens

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