Rocklin City Council approves loan to build 180-unit affordable senior housing complex
By Keyla Vasconcellos, Abridged
The Steven, as the building will be called, is part of a larger mixed-use development around Sierra College.
The Rocklin City Council voted Tuesday to approve a $2.23 million loan to help build The Steven, a 180-unit affordable senior apartment complex off Rocklin Road near Sierra College Boulevard — the latest piece of a years-long effort to bring affordable housing to a fast-growing stretch of the city tied to Sierra College.
The complex is designated for seniors 55 and older, though developer USA Properties Fund said exact age eligibility could be adjusted closer to when units become available. It will offer 178 one- and two-bedroom units available to households earning between 30% and 70% of area median income, roughly $650 to $1,850 per month.
Fifty-six of those units are reserved for the lowest-income residents. Two additional units are set aside for on-site managers.

