Hotel Fresno Reopens as Affordable Housing

The Hotel Fresno, a historic building that had been vacant for over 40 years, has officially reopened as an 81-unit affordable housing development, marking a significant milestone in the revitalization of downtown Fresno. Mayor Jerry Dyer highlighted the project, which cost approximately $36 million, as part of a broader vision to increase downtown's population from 3,000 to 10,000 residents. The hotel now offers a mix of studio and three-bedroom apartments, with rents ranging from $400 to $1,300, and has achieved full occupancy after receiving around 2,000 applications. The ground floor has been restored for retail and community events, contributing to the city’s goal of creating a vibrant urban center. City leaders believe this transformation will attract more residents and businesses to the area, as the local housing market faces significant competition. Dyer's administration aims to continue developing affordable housing options to support working-class families and address the region's housing challenges.