ROEM Development Corporation
Mountain View, CA
2014 Affordable Housing Finance
Designed to LEED Platinum specification, Franklin Street Family Apartments provides 51 one-, two- and three-bedroom apartments affordable to families with annual incomes at or below 50% of the Santa Clara county area median income. Google invested a total of $6.5 million equity in the Franklin Street Family Apartments and provided a grant for computer equipment and free Internet access for residents. The building architecture complements this unique downtown location near transit and integrates traditional Mediterranean colors with stucco exterior walls and tile roofing. Also, the development consists of a three- and four-story “C” shaped building with 92 parking spaces in a podium parking garage. The landscape design creates meaningful private and public open spaces, while preserving a significant number of mature trees. Project amenities include a computer center, library, community room, fitness room, courtyard, tot lot, and barbeque area, along with a wide array of resident services, including computer classes, ESL classes, and resident events.