Nonprofit group ready to build more senior housing in Orinda

When it came time to refinance the Orinda Senior Village in order to achieve savings on interest, the organizers realized that they could pull out enough equity to possibly make another senior housing project in Orinda feasible. Thus, with $14 million from the first project, the Orinda Senior Village has begun planning a second senior housing project to be located on land leased from Orinda Community Church. The land in question is the highest parking lot, rarely used by the church, which borders a PG&E easement for high voltage towers.


Source: Lamorinda Weekly

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