Construction is set to start on 43 low-income apartments in San Luis Obispo.
A groundbreaking ceremony will be held Thursday on the South Street Family Apartments, which will be available to families with annual incomes at or below 60 percent of the county’s area media income.
The $14.1 million project, approved by the city in 2011, is being developed as a partnership between the Housing Authority of San Luis Obispo and ROEM Corp., said Scott Smith, executive director of the housing authority.
The project will add some much-needed workforce housing to the community, he said.
“It’s just so great that it worked out,” he said.
The apartments will be built on 1.53 acres and will feature one, two and three-bedroom rental homes ranging from approximately 570 square feet to 1,010 square feet (including one managers unit).
Most of the units will be available to families who earn from 30 percent to 50 percent of the area median income — currently $77,000 a year for a family of four. A four-person household with 30 percent of the area median income earns $22,500; a family at 50 percent of the area median income earns $37,600 annually.
Construction is anticipated to wrap up in early 2016.
“If construction stays on schedule we would start taking applications in November,” Smith said.
The city provided some funding to the project, as did San Luis Obispo County’s Housing Program and the San Luis Obispo County Housing Trust Fund, according to a news release.
“We recognize the significant shortage of affordable housing in our community and look forward to the completion and addition of these apartments to our housing inventory,” San Luis Obispo Councilman Dan Carpenter said in the release.
The groundbreaking ceremony is open to the public and starts at 1:30 p.m. at 309 South St. Attendees can write best wishes to the future families of the apartment complex on a large sheet of plywood at the groundbreaking, which will be installed as part of the construction, Smith said.