240 Residential Units
Two phases containing a total of twelve three-story buildings with a mix of one, two, three, and four-bedroom apartments, all designed with functionality and comfort in mind. Each apartment unit will have a full kitchen, dining area, living space, bedroom(s), bathroom(s), and indoor storage. Forty percent of the units (96 units) include outdoor porches or decks with an outdoor storage room. Community amenities include two 3,453+ sf one-story clubhouse/recreation centers with outdoor social and recreation spaces on each side of the site south of the clubhouses.
Community Design
- • Architectural Style
Contemporary Farmhouse style, featuring strong forms with alternating building materials, including stucco, wood, cementitious horizontal siding, vertical board and batten, and wood trim. Multiple building materials create shadowing and depth.
- • Energy Efficiency:
Homes will be built with high energy efficiency standards in mind, reducing both environmental impact and utility costs for residents.
- • Green Building Features
Solar panels, high-efficiency HVAC systems, and sustainable building materials.
- • Landscaping and Pedestrian Connectivity
The community will add a 21 to 36-foot landscape corridor on the west side of Penryn Road. The landscape corridor will include an 8-foot sidewalk adjacent to Penryn Road that will provide north-south pedestrian connectivity. A five-foot Class II bikeway will be constructed on the west side of Penryn Road.
- • Zoning
The 11.4-acre site is zoned Residential Multifamily 30, combining Design Corridor (RM30-Dc). Rental apartments are a permitted use in the RM30-Dc zone.
- • Community Amenities
Resident services for Hope Way will be provided by LifeSteps, whose mission it is to provide effective educational and supportive services to build resilient communities Welcome to LifeSTEPS - Resident Services
Provider
Benefits to the Penryn Community
- • Affordable Housing
Providing much-needed affordable rental housing supply to a region facing increasing housing and living costs.
- • Economic Growth
The development will create local construction and management jobs, stimulate local businesses, and bring long-term economic benefits to Penryn and Placer County (e.g., supporting local neighborhood retail).
- • Community Engagement
Housing Trust Placer and USA Properties Fund, Inc. will engage with local stakeholders and residents during the entitlement and development process.
Partnership with Local Organizations
- • Supporting Local Families
Working with local government agencies and nonprofits to ensure the Hope Way Community’s housing units rental homes meet the needs of local residents.
Press Release & Media Resources
