Nonprofit East Bay Asian Local Development Corp. is rehabilitating the San Pablo Hotel, an affordable senior housing development, in Oakland, Calif.
Courtesy East Bay Asian Local Development Corp. Nonprofit East Bay Asian Local Development Corp. is rehabilitating the San Pablo Hotel, an affordable senior housing development, in Oakland, Calif.

The San Pablo Hotel, a 144-unit apartment community for seniors ages 55 or older in Oakland, Calif., will undergo a significant rehabilitation.

Boston Capital is investing $16.5 million in the effort by general partner East Bay Asian Local Development Corp. (EBALDC), a local nonprofit affordable housing development company.

Originally built in 1907 as a hotel, the property was converted to affordable senior rental housing in 1994 through the low-income housing tax credit (LIHTC) program.

San Pablo Hotel will offer 110 single-room occupancy (SRO) and 30 studio units to seniors with incomes at or below 30% of the area median income (AMI), two studio units for residents at or below 40% of the AMI, and two manager-occupied units.

The SRO units come in two-unit suites, each of which shares a full bathroom. The studio units each contain a single full bathroom. Ten percent of the units will be accessible to residents with mobility, vision, or hearing impairments. Supportive services such as counseling, short-term therapy, and crisis management will be provided by an on-site service coordinator to all residents.

"We are thrilled to partner with Joshua Simon and the East Bay Asian Local Development Corp. team in the substantial rehabilitation of the San Pablo Hotel," said Jack Manning, president and CEO of Boston Capital. "This investment will not only preserve much-needed affordable housing in Oakland, it will allow seniors to remain in their homes and live independently while having access to valuable supportive services."

The development received an award of 4% LIHTCs last year.

The renovation will include the expansion of the development's community space, which includes a leasing office, a supportive service coordinator, a community room with kitchen, a computer room, laundry rooms, controlled building access, and a 24/7 front desk. Other amenities include an outside patio, a community garden, and bus passes for each resident.

Boston Capital, a national LIHTC syndicator and real estate investment and advisory firm, has invested in nearly 16,000 affordable apartments in California.