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Council approves loan from in-lieu housing fund to help build 41-unit Del Rio Ridge affordable housing project
Summary
The council authorized an additional $527,573 from the city's affordable housing in-lieu fund to help People Self Help Housing begin construction of the 41-unit Del Rio Ridge affordable housing project; the city had previously committed $400,000 to the development.
The Atascadero City Council unanimously authorized a loan of $527,573 from the city’s affordable-housing in-lieu fee fund to People Self Help Housing to help advance the Del Rio Ridge project to construction. Council had previously committed $400,000 to the project in 2020.
Planning Manager Kelly Gleeson told council the project — a 41-unit apartment development with an onsite manager’s unit — targets extremely low-, very low-, and low-income households and is expected to be 100% affordable except for the manager unit. The developer has…
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