Once a vacant parking lot, Bridge Housing initiated the co-development of the Berkeley Way Apartments and the Hope Center. Both complexes are affordable and supportive housing in Berkeley, California.
Berkeley Way is an 89-unit studio apartment for low-income families, consisting of one-and two-bedrooms. The community of Berkeley aims to support individuals coming out of homelessness at 15 and 50-60 percent of the area median income (AMI).
Both developments benefit from the Section 8 subsidy. The city has been granted to improve the transportation system regarding bicycle connection, bus stop upgrades, and zero emissions. Along with convenient access to Berkeley’s BART transit and bus services, residents have plentiful employment opportunities in downtown Berkeley.
Together, Berkeley Way and The Hope Center is a 2023 AHF Readers’ Choice Finalist in the Urban Category. Sponsored by Bridge Housing, NEF invested $17.8 million in LIHTC equity.