“The shortage of affordable housing options throughout the Bay Area has been extensively documented and preservation efforts like what we accomplished at Villa de Guadalupe Apartments are a key part of any plan to ease the ongoing housing crisis,” said Jeffrey Jaeger, co-founder of Standard Communitites.

“Standard Communities is committed to the creation, preservation, and improvement of affordable housing, and Lakeside Village is a very large success story by those measures. To be able to provide Lakeside’s more than 1,400 residents with a home that they can be proud of in a supportive community – and that will be affordable to the average working-class family for the next 50 years – in one of the most expensive housing markets in the United States is a victory not just for Standard, but for the residents of Lakeside and the entire Bay-area workforce,” said Standard Communities Co-Founder Jeffrey Jaeger