CRP Affordable Housing & Community Development has secured financing for a new affordable housing complex rising near the San Bruno BART Station, the company announced earlier today.
The Ridge at Ralston, located at 678 Ralston Avenue in Belmont, will consist of an eight-story building featuring 64 one-, two-, and three-bedroom units, a portion of which will be reserved as supportive housing for renters earning up to 30 percent of the area median income.
The contemporary podium-type building is being designed by AO. Other members of the project team include Abode Services, BKF, Ironcore Construction, and the John Stewart Company.
Financing was secured from a variety of public and private sources.
Completion of The Ridge is expected in October 2028.
Hundreds of miles to the south in Los Angeles County, CRP also recently secured financing for a similar project in the City of Pasadena.
