A long-vacant lot in South Stockton is finally on track to become homes for older residents instead of just another empty stretch of pavement. Fairview Terrace, a 76-unit, all-electric affordable senior-housing community, is slated to break ground as soon as April 2026.
According to CBS Sacramento, the development is planned for 2222 South Airport Way and has grown into roughly a $43 million project. The plan also reserves space for the nonprofit Stocktonians Taking Action to Neutralize Drugs to operate on-site, and the outlet reports that the City Council recently approved additional city funding to keep the deal moving.
All-electric, community-focused design
The California Energy Commission describes Fairview Terrace as a four-story, urban-infill, 100-percent affordable, all-electric development that will pilot grid-interactive and zero-emission technologies in a disadvantaged neighborhood.
Plans call for a mix of studios along with one- and two-bedroom apartments, plus a community kitchen, outdoor recreation space, urban agriculture plots, electric-vehicle charging and tenant services. In other words, it is designed to be more than just a place to sleep, with on-site amenities meant to support day-to-day living and community life for older residents.
Funding and financing
City of Stockton records show Fairview Terrace was recommended for about $7,037,865 in local housing loan awards through Stockton's 2024 Notice of Funding Availability, a key chunk of money developers are relying on to close the financing gap.
Mutual Housing California reports the project also secured up to $10 million in state EPIC funds to cover advanced microgrid and energy systems. Developers expect to combine those dollars with low-income housing tax credits and private lending to finish the deal.
Local reaction
City leaders have framed Fairview Terrace as a practical response to rising housing costs that are squeezing older residents, especially those living on fixed incomes. Meghan Rose of LeadingAge California told CBS Sacramento that affordable senior housing is often the only way older adults can remain safe and independent. Stockton resident John Saldivar summed up neighborhood sentiment more simply, saying the project "is a good thing."
What's next
The path to Fairview Terrace has been a long one. City records indicate the idea dates back to 2008, and an Option Agreement for the parcels was executed in 2018 and later conveyed to project partners, according to City of Stockton documents.
Mutual Housing California says tax-credit awards and lender sign-offs are still required, but the development team expects to begin construction in early 2026 once financing and permits are finalized.
