The Pacific Companies is proud to make the Top 50 Affordable Housing Owners of 2019! Thank you to all members of our TPC team – you all make this possible!
Tag: houses
Strong and Steady – Marking two decades, The Pacific Cos. hits record highs in 2018.
For The Pacific Cos., 2018 was a year of milestones. The Eagle, Idaho–based developer celebrated two decades in the affordable housing industry and had the most unit starts and completions in its history, topping the AHF 50 Developers list.
“Over the past 20 years, we have really tried to focus on sustainable, gradual growth. We never set out to be the biggest and best at anything, just to live in a commitment to do our best,” says president and CEO Caleb Roope. “The benefit of this steady approach has been an ability to more easily adapt to changing times, like recessions and tax reform, because we aren’t focused on achieving lofty goals or taking on more than we can reasonably handle.”
In 2018, the firm started construction on 15 affordable housing developments with 2,501 units and completed another 14 developments with over 1,300 units.
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Harbour View Senior Apartments Grand Opening
RICHMOND, Calif. – On Monday, January 25th, 2016, The Pacific Companies and Central Valley Coalition for Affordable Housing celebrated the grand opening of the Harbour View Senior Apartments with a ceremonial ribbon cutting led by Tom Butt, Mayor of Richmond. A special thank you to those who spoke on behalf of the city, Mayor Butt, City Council Members Vinay Pimplé, Jovanka Beckles, and Tim Jones of the Richmond Housing Authority; from the development team, Alexis Gevorgian of AMG and Associates, Bruce Lofgren of Mechanics Bank; and residents of Harbour View Senior Apartments, Clarence Malbrough and John Apperson. “We need to continue to bring in projects of this quality,” said Mayor Tom Butt at the Harbour View Apartments grand opening. “Having 62 new, affordable senior housing units located near key amenities and directly on the Richmond Greenway is an excellent and needed addition to the neighborhood. I hope this is the first of many occasions like this in the near future.”
Upon completion, Harbour View Senior Apartments holds 50 one-bedroom units and 12 two-bedroom units (including a manager’s unit). The project also includes a community room with kitchen, laundry facilities, energy efficient appliances, reading lounges, craft and fitness rooms, and a spacious outdoor community garden area. With a gated entry and a full video surveillance system, the residents can feel secure while still living independently. “We are very pleased to be able to bring 62 units of new, high quality affordable housing to Richmond’s senior community and we are grateful for all of the City’s staff and elected leaders help to make this possible,” said Caleb Roope, CEO of The Pacific Companies.
Harbour View Senior Apartments will focus on seniors earning up to 50% and 60% of the area median income for Contra Costa County. It will also help in the housing of former residents of the Hacienda Complex, which was ordered in March of 2014 to be demolished due to substandard living conditions. With the completion of the Harbour View Senior Apartments, 33 residents of Hacienda Complex were able to move into brand new homes.