Fremont Starts Construction on Affordable Housing Project
The 92-unit development at 39340 Fremont Boulevard provides housing for households with limited income.
Updated on Oct. 15, 2026 in Construction
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Community Development Partners has broken ground on a new $59 million affordable housing complex in downtown Fremont. The project offers 92 units to households earning between 30% and 70% of the area median income.
Why it matters
The development helps the city work toward its 2023-2031 Housing Element mandate, which requires the creation of 7,000 affordable housing units to support residents.
The project includes 92 total units, with 15 set aside for households with an individual living with a developmental or intellectual disability. Financing is supported by a 4% Low-Income Housing Tax Credit allocation.
The players
Community Development Partners
This is a real estate development firm that focuses on creating and preserving affordable housing communities for families and seniors.
City of Fremont
This is the municipal government responsible for urban planning and meeting regional state-mandated housing requirements.
Bank of America
This is a multinational financial institution that provides capital for community development projects and equity investments.
Project Access
This is a non-profit organization that provides social services, health programs, and educational resources to residents of affordable housing.
The details
Located at 39340 Fremont Boulevard, the site will feature on-site amenities such as tutoring and health classes coordinated by Project Access. The development represents a significant addition to the city's housing inventory with equity investment provided by Bank of America.
Timeline
2023-2031 is the official housing element planning period for the city.
Market Landscape
This development reflects a broader industry trend where public-private partnerships are leveraged to meet strict municipal housing mandates. It positions the project as a critical asset in addressing the local inventory shortfall against the 2023-2031 Housing Element requirements.
Eligible households may benefit from increased access to affordable living options that meet specific income and accessibility criteria. The addition of on-site services will provide residents with direct support for healthcare and education needs.
The takeaway
This project highlights the importance of multi-agency financing in overcoming the capital barriers associated with affordable housing. Residents can anticipate more integrated service-based housing options as cities prioritize compliance with state-mandated growth goals.
Further reading
Learn more about local infrastructure and residential growth in Fremont Construction.
Source note: This article includes information reported by Tri City Voice.
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