Caritas Village Takes Shape as Phase One of Caritas Homes Celebrates Grand Opening

Santa Rosa, CA – August 24, 2023 – Representatives from the City of Santa Rosa, Burbank Housing, Catholic Charities and the County of Sonoma gathered late Thursday morning to cut the ribbon and celebrate the completion of Phase 1 of Caritas Homes, the affordable housing and permanent supportive housing component of Caritas Village, the master redevelopment of the downtown Santa Rosa city block east of Highway 101 along 7th and Morgan Streets. The project cost a total of $43.7 million to develop, with major contributions of $22.3 million in Low Income Housing Tax Credits purchased by SVB, $8.9 million in federal CDBG-DR funding administered by the City of Santa Rosa, $6.5 million from the State of California’s Department of Housing and Community Development, a $2.9 million permanent loan from Apple Corp. and administered by Housing Trust Silicon Valley, $2.2 million from Providence Health for both phases of Caritas Homes, $1.57 million from the Sonoma County Community Development Commission, and a $500,000 grant from Silicon Valley Bank Foundation. Construction broke ground in December of 2021 made possible by a $18.7m construction loan from SVB, and wrapped up 19 months later in July of this year.