"The Lido Square residential hub was deemed to be at risk of no longer being affordable without intervention from state agencies, a state staff report shows. The at-risk project was recommended for a reservation of tax credits that will preserve affordability for an additional 55 years, according to the state report. That assessment was prepared for an April 2025 meeting of the California Debt Limit Allocation Committee and California Tax Credit Allocation Committee, state government records show."
"Lido Square Apartments in Pittsburg has been bought for $90 million, according to documents filed on Dec. 12 with the Contra Costa County Recorder's Office. The 173-unit apartment complex is at 2131 Crestview Lane in Pittsburg, according to county and state agency public documents. San Francisco-based Reliant Group Management, acting through an affiliate, purchased the Lido Square Apartments property, the county records show. The apartment complex was built in 1970."
Reliant Group Management acquired Lido Square Apartments in Pittsburg for $90 million. The 173-unit complex at 2131 Crestview Lane was built in 1970 and includes 171 affordable units plus two manager's units. The project contains 88 two-bedroom and 85 three-bedroom units serving households earning 30% to 80% of area median income. State staff identified the property as at risk of losing affordability and recommended reservation of tax credits and other financing to preserve affordability for an additional 55 years. The assessment was prepared for an April 2025 meeting of relevant California state allocation committees.
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