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Lemoore council approves disposition and development agreement for 240-unit affordable housing project
Summary
The City Council approved a disposition and development agreement allowing a developer to buy and build 240 affordable apartments on a 9-acre city parcel at the northeast corner of 19-1/2 Avenue and Cedar Lane, exempting the sale from parts of the Surplus Land Act and securing a developer contribution of $2,000 per unit.
The Lemoore City Council on April 15 approved a disposition and development agreement that clears the way for a 240-unit affordable housing development on a 9-acre city-owned parcel at the northeast corner of 19-1/2 Avenue and Cedar Lane.
Staff told the council the project will be 100% affordable and that the city is using a state surplus-land exemption for affordable housing so the parcel may be sold and deeded directly to the developer after required notifications to the California Department of Housing and Community Development (HCD).
The developer team and city staff said the project will be built in four phases, totaling 240 apartments.…
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