Year:

Acquisition Rehabilitation Preserves and Expands Affordable Housing Inventory In Antioch...

Feb 3, 2017

By Justin Estrada, Development Associate, ROEM Development Corp In addition to designing and building housing from the ground up, ROEM employs similar complex financing strategies to acquire and rehabilitate existing properties in order to preserve, reenergize and expand a city’s affordable housing stock. This includes the acquisition of existing market-rate communities, which are rehabilitated and converted to affordable housing. An example of this reinvestment strategy is ROEM’s recent purchase and complete renovation of Delta View Apartments, an affordable development with 205 cottage-s... 
By Justin Estrada, Development Associate, ROEM Development Corp In addition to designing and building housing from the ground up, ROEM employs similar complex financing strategies to acquire and rehabilitate existing properties in order to preserve, reenergize and expand a city’s affordable housin... 

Supporting Our Communities

Jan 13, 2017

At ROEM, we believe that in order to create sustainable communities, we must invest in them. That’s why we are proud to support local non-profits each year that are working to better our communities. This year, we partnered with the following charities: Work2Future Foundation $15,000 was donated towards the develop a diverse, strategic, and innovative workforce that meets the local and global demands and fosters economic development. This grant will go towards Work2Future’s goal to strengthen the economic base in San Jose and Santa Clara County by increasing employment opportunities and jo... 
At ROEM, we believe that in order to create sustainable communities, we must invest in them. That’s why we are proud to support local non-profits each year that are working to better our communities. This year, we partnered with the following charities: Work2Future Foundation $15,000 was donated t... 

ROEM Brings 116 New, Affordable, Multifamily Apartments to Mountain View...

Oct 19, 2016

Evelyn Family Apartments, a $64 million affordable housing community by ROEM Development Corporation, broke ground in Mountain View, Calif. ... 
Evelyn Family Apartments, a $64 million affordable housing community by ROEM Development Corporation, broke ground in Mountain View, Calif. ... 

New ROEM $27 Million Transit-Oriented, Sustainable Apartments Open in Baldwin...

Oct 13, 2016

Mixed-use 70-unit residential community for low-income families opens in Baldwin Park, CA BALDWIN PARK, Calif. – On Thursday, October 13, 2016, the City of Baldwin Park and ROEM Corporation celebrated the grand opening of Metro Village. Located at the northeast corner of Ramona Boulevard and Maine Avenue, Metro Village is a new construction, mixed-use, affordable multifamily apartment community on a 1.01-acre site. Metro Village offers one, two, and three-bedroom apartments affordable to families making 60 percent or less of the Los Angeles County Area Median Income and 5,500 square feet of ... 
Mixed-use 70-unit residential community for low-income families opens in Baldwin Park, CA BALDWIN PARK, Calif. – On Thursday, October 13, 2016, the City of Baldwin Park and ROEM Corporation celebrated the grand opening of Metro Village. Located at the northeast corner of Ramona Boulevard and Maine... 

San Luis Obispo Celebrates Grand Opening of New ROEM Affordable...

Sep 9, 2016

South Hills Crossing’s 43 Affordable Multifamily Residential Units Open and Are Fully Leased SAN LUIS OBISPO, Calif. ― On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). The grand opening celebration was held at 1:00 p.m. at 309 South Street, San Luis Obispo, CA 93401. “South Hills Crossing represents the coming together of the private sector, HASLO, the City and financial markets to really addres... 
South Hills Crossing’s 43 Affordable Multifamily Residential Units Open and Are Fully Leased SAN LUIS OBISPO, Calif. ― On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in par... 

ROEM Corporation Provides 134 New Affordable Homes for San Jose’s...

Aug 4, 2016

ROEM Corporation announced today the opening of its Oak Grove Apartments, a $34 million development in San Jose providing 134 units of permanently affordable housing. Oak Grove Apartments includes a number of ‘green’ features to ensure the development’s long-term energy-efficiency and sustainability.... 
ROEM Corporation announced today the opening of its Oak Grove Apartments, a $34 million development in San Jose providing 134 units of permanently affordable housing. Oak Grove Apartments includes a number of ‘green’ features to ensure the development’s long-term energy-efficiency and sustaina... 

Sonoma Marin Area Rail Transit advances mixed-use housing project for...

Jun 24, 2016

By: Kevin McCallum, The Press Democrat ROEM Development Corp. of Santa Clara, one of five firms to express interest in the mixed-use housing project, is now the sole finalist left in negotiations with SMART. For more than a decade, the leaders of Sonoma County’s largest city have dreamed of transforming a cluster of vacant properties along the railroad tracks in downtown Santa Rosa into a vital new village filled with people opting for lower-impact urban living. Time after time, proposals to develop the western side of Railroad Square have fallen apart, victims of political infighting, neigh... 
By: Kevin McCallum, The Press Democrat ROEM Development Corp. of Santa Clara, one of five firms to express interest in the mixed-use housing project, is now the sole finalist left in negotiations with SMART. For more than a decade, the leaders of Sonoma County’s largest city have dreamed of transf... 

ROEM Builds 200 New Affordable Homes at 295-acre Hitachi Master-Planned...

Jun 23, 2016

  Charlotte Park Apartments’ 200 Affordable Multi-Family Residential Units Are Fully Leased and Near Completion SAN JOSE, Calif. ―  With the near completion of 200 new, affordable housing homes, the $46 million Charlotte Park Apartments in San Jose, Calif., is a great example of ROEM’s expertise in building a high quality affordable residential rental community located within a market-rate development. In this case, ROEM Corp. satisfied most of the affordable housing requirement of the Hitachi master-planned community, with ROEM Builders, Inc., acting as both general contractor and... 
  Charlotte Park Apartments’ 200 Affordable Multi-Family Residential Units Are Fully Leased and Near Completion SAN JOSE, Calif. ―  With the near completion of 200 new, affordable housing homes, the $46 million Charlotte Park Apartments in San Jose, Calif., is a great example of ROEM’s e... 

Transit-oriented Development Provides Affordable Housing in Baldwin Park

May 19, 2016

Metro Village, a mixed-use, $28 million multifamily, transit-oriented development is providing 70 new affordable apartments in downtown Baldwin Park.... 
Metro Village, a mixed-use, $28 million multifamily, transit-oriented development is providing 70 new affordable apartments in downtown Baldwin Park.... 

New Affordable Apartments Will Welcome San Luis Obispo Families

Apr 12, 2016

ROEM's South Hills Crossing will welcome 43 families in San Luis Obispo, CA when its new sustainable, affordable apartments opens this year. Only a mile and a half from restaurants, shops and entertainment in the village of San Luis Obispo, South Hills Crossing brings permanent affordable housing to this beautiful California Central Coast community.... 
ROEM's South Hills Crossing will welcome 43 families in San Luis Obispo, CA when its new sustainable, affordable apartments opens this year. Only a mile and a half from restaurants, shops and entertainment in the village of San Luis Obispo, South Hills Crossing brings permanent affordable housing to... 
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