Medici ARTIST LOFTS
Medici Artist Lofts
Stockton, CA
Type of Development
Adaptive Reuse
Mixed-Use
Year Built
1927
Development Profile
10 One-Bedroom Units
17 Two-Bedroom Units
7 Three-Bedroom Units
Unit Size
575–1,035 Square Feet
Total Building
1
Summary
HACSJ Partners with DFA Development on Adaptive Reuse
The 12-story Medico-Dental building, built in 1927 and once the tallest building in Stockton, is now an adaptive reuse, mixed-use housing project known as Medici Artist Lofts. The Housing Authority County of San Joaquin (HACSJ) in partnership with DFA Development has created 34 new units in the building, 27 of which provide affordable housing for families with income levels at 30% – 60% of area median income (AMI). One of the units is reserved for on-site management, and six are market rate.
In repurposing the empty Medico-Dental building, HACSJ is excited to be able to provide local artists with space in beautiful downtown Stockton, a move which will undoubtedly contribute to the continued revitalization of the city.
Construction on Medici Artist Lofts was completed in fall 2020.
Funding
The $11 million renovation of the Medico-Dental building was made possible with financing from a variety of sources, including Low-Income Housing Tax Credits (LIHTC), permanent financing, and City of Stockton HOME funds. HACSJ is providing Housing Choice Project-Based Voucher rental assistance for the 27 affordable units in the project.
