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Needles approves $135,000 HCD incentive for Chestnut Street rehab; 50-year covenant required
Summary
The council authorized an agreement with the Brayboy Family Trust to rehabilitate a building at 108–110 Chestnut Street into two income-restricted units using state housing incentive funds; the contract includes a 50-year affordability covenant and annual income recertification.
The Needles City Council voted unanimously on Jan. 14 to approve a housing incentive agreement that will supply $135,000 toward the rehabilitation of a vacant building at 108–110 Chestnut Street into two rental units. The agreement with the Danny and Cynthia Brayboy Family Trust requires a 50-year affordability covenant and authorizes the city manager to execute the agreement.
Why it matters: The project is part of the city’s use of California Department of Housing and Community Development (HCD) pro-housing incentive funds; city staff said the broader HCD allocation available to Needles totals roughly $445,000 and will support several small rehabilitation projects intended to bring vacant housing back into service for lower- and moderate-income…
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