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6.3G <br />Page 17 <br />revitalization effort On what was once a very historic yet underutilized site in the <br />town's center, DeVries Place now provides 103 affordable rental homes for low to very <br />low-income seniors while helping to restore the character of an almost forgotten Main <br />Street A newly constructed 4 story building includes 100 residential units, beautiful <br />courtyards, a fitness center, theater room, computer room and a rooftop patio with <br />expansive views of the East Bay hills. A rehabilitated historic house provides an <br />additional 3 residential units, an architecturally restored dining room, office spaces, and <br />community rooms often used by the City Council or other Iota! civic organizations. <br />In addition to Mid-Peninsula Housing Services Corporation providing on-site resident <br />services that are specifically targeted towards seniors (i.e. exercise/stretching classes, <br />nutrition, ESL classes, arts & crafts activities), Devries Place is also ideally located across <br />the street from the newly enhanced central library and the Santa Clara County Medical <br />Center. These amenities are invaluable resources for a population that is often in great <br />need of both of the aforementioned services, but also frequently face problems of <br />limited mobility. <br />The residents that we are serving at Devries are at the low end of the economic <br />spectrum, with the highest median income served being 409 of AMI. In the tight rental <br />market of Santa Clara County, this provides a significant resource in an underserved <br />area for a population who are finding themselves unable to afford market rate housing in <br />the area. The high demand for these units is evidenced by the fact that the project <br />leased up after roughly two months of being open and now has a wait list of 800 <br />interested applicants. <br />Peninsulo Station <br />Currently under construction, <br />Peninsula Station will provide 68 <br />units for families in San Mateo and is <br />expected to be complete in August <br />2010. Located on EI Camino Real, <br />Peninsula Station will be a highly <br />visible, transit-oriented, <br />development catalyzing the regional <br />Grand Boulevard Initiative. Mid- <br />Peninsula Property Management has already received almost I ,000 applications for the <br />units, underscoring the great need for affordable housing in San Mateo. <br />11 <br />