A new affordable housing project in Fresno’s Chinatown will feature modern designs in what ABC30 says will “help revitalize a forgotten part of Fresno.”
“The Monarch” will be a 4-story mixed-use complex with approximately 4,700 square feet of ground-floor retail space.
According to the Chinatown Fresno organization, the infrastructure project will provide affordable housing and encourage residents to use mass transit and pedestrian walkways.
The housing site is located within one block of the proposed High Speed Rail Station.
“Number one, this represents transformation,” Fresno Housing CEO Tyrone Roderick Williams told ABC30.
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“Number two, it represents the future for families of many different incomes,” Williams added.
Yahoo News reports that the $30 million project will consist of 56 income-based units, with some featuring large windows and balconies.
Fresno Housing Chief Real Estate Officer Mike Duarte told ABC30 that the complex would include multiple types of units.
“We have a lot of studios, one-bedrooms, two-bedrooms, some smaller units that will certainly cater to a lot of entry-level positions in downtown,” Duarte said.
According to ABC30, Fresno Housing received over 3,000 applications from people seeking residence in the building.
Aside from the outdoor activity deck on the second floor, one of the most important inclusions in the building are the solar panels installed on the roof.
“This property has solar and high-efficiency systems in the building all around,” Duarte said, according to Yahoo News. “The residents can expect no utility bills here.”
The retail space on the ground floor of the building will provide a way to stimulate economic development and bring new residents to the Chinatown area.
“What it means to the area is investment is coming,” Williams told ABC30.
“A lot of times, we talk about what’s coming. This says that Fresno Housing not only talked about it, but we delivered,” he said.
Construction of “The Monarch” began in September 2020, and residents are expected to move in before the new year.
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Excellent! Wish SF would do this instead of high rise housing only having to have a small number for low cost housing units, thst sometimes gets deleted with loop holes.