4575 Scotts Valley Drive affordable apartments

Project description

• Total units: 100, including one manager’s unit. Plans include 21 one-bedroom units, 40 two-bedroom units and 39 three-bedroom units.
• Affordable units: 99.
• Waitlist: 40 units are expected to be filled from the Housing Authority of the County of Santa Cruz’s Section 8 waitlist. That waitlist is closed and could open in 2026, Jenny Panetta, director of the housing authority, said in July 2025. The remaining 59 units are expected to be filled by the developer, and an interest list for prospective tenants is expected closer to the completion of construction.
• Height: Three stories, with three buildings from 35 feet to 39 feet tall.
• Details: The project includes 108 car parking spaces, 100 bike parking spaces, a community room and a central courtyard with a children’s play area.

Status

• Demolition of the office building began in August 2025. Construction is expected to finish in July 2027.
• The project was proposed by San Diego-based real estate firm CRP Affordable Housing and Community Development and Santa Cruz-based developer Workbench in May 2024. It utilized state laws meant to hasten new housing development, including AB 2011, which allows housing on commercially zoned property to be approved without city input, and the Housing Accountability Act, which allows greater density if a project includes a portion of below-market-rate units. The “density bonus” allowed the project to grow from 69 units to 100 units. Developers could have proposed up to 141 units under that law.
• The project was fully funded by May 2025 with state and federal tax credits, low-interest state loans, housing vouchers and other sources.