Lakeside Village
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San Leandro, CA
Standard Communities converted the 840-unit property from market-rate apartments to a community of newly renovated, high-quality affordable homes in the San Francisco Bay Area. Lakeside Village is the largest market-to-affordable conversion in California history. The community is spread across 48 residential and amenity buildings, including a modern clubhouse that hosts programs including childcare, health and wellness classes, adult education initiatives, career counseling, three swimming pools, several playgrounds, and a community garden. As part of the conversion from market-rate to affordable housing, Standard Communities completed a comprehensive $20 million tenant-in-place renovation in 2016, which were the first significant physical improvements to the site and units since the late 1960s.