The sale of a longtime affordable senior housing complex in Arden-Arcade has turned into a steady stream of cash for Sacramento nonprofits serving older adults and people with disabilities. The former Albert Einstein Residence Center at 1935 Wright St. sold for $22.1 million, and the proceeds helped create a grant fund that has already awarded nearly $600,000 to local organizations.
The sale, first reported by the Sacramento Business Journal, went to Seattle-based Security Properties, which bought the complex from the Sacramento Jewish community. The deal helped establish Einstein Jewish Community Services, a fund now targeting up to $1 million in annual distributions for nonprofits across the Sacramento area, according to the same report.
That money is landing in a city where the need for senior services keeps growing. Einstein Jewish Community Services says on its website that it “launched our first grant cycle to fund nonprofit organizations that serve older adults and adults with disabilities throughout the Sacramento area” in spring 2026, per ejcs-sac.org. The organization has said a second grant cycle will begin in late summer 2026, per the same source.
A Complex With a Changing Identity
The Albert Einstein Residence Center had long operated as federally subsidized housing, with 78 one-bedroom apartments backed by the U.S. Department of Housing and Urban Development, according to a 2023 report from JWeekly. That same report noted the building's Jewish resident population had shrunk sharply over the decades — fewer than 20 Jewish residents lived there at the time, down from roughly three-quarters of residents when the center opened in 1981.
JWeekly also reported that sale proceeds were expected to pay off a $2.4 million mortgage, with millions of dollars left over to put toward services, and that the community was considering a permanent endowment to support elderly and disabled Jews in the region. Separately, Solving Sacramento reported that the center's affordable-housing designation was extended for 65 years as part of the sale, meaning the building's low-income units will remain protected despite the change in ownership.
Grants Already Reaching Local Programs
Two Sacramento-area nonprofits have already gone public about receiving money from the fund. Volunteers of America announced in August that it received a $50,000 grant from Einstein Jewish Community Services, according to a statement on voa-ncnn.org. The grant supports the organization's Senior Safe House, described as a six-bed emergency shelter for adults 60 and older who have experienced abuse or neglect and face homelessness or unsafe living conditions. VOA said the funding would also help launch a financial-literacy and awareness program for seniors staying at the shelter.
Sunburst Projects announced its own grant from the fund in October, saying it would expand the organization's Golden Services for Seniors program, which serves adults 55 and older living with HIV. The organization said the money would add a dedicated Medical Case Manager and a second Mental Health Clinician to the program, according to its announcement.
Together, the grants reflect the fund's stated mission of serving Sacramento-area seniors and adults with disabilities broadly, not only within the Jewish community that once called the Einstein building home. JWeekly's 2023 reporting had pointed to Eskaton Village Carmichael, a nonprofit, secular senior residential center outside Sacramento, as now home to a much larger Jewish community than the Einstein Center itself — part of the broader shift that preceded the building's sale.
