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Council approves $5.5 million in local housing subsidies for three affordable rental projects
Summary
The council approved allocations from the Pro Housing Fund and Affordable Housing Fund for three projects: Bella Pines (United Housing Partners/Latino Community Association), 85 SWC (Housing Works) and Cedar West preservation (Vital Housing), totaling $5.5 million; CDBG recommendations will return in August.
City staff presented the Affordable Housing Advisory Committee’s recommendations for the 2025 Pro Housing Fund and Affordable Housing Fund and council approved funding allocations for three projects totaling $5,500,000.
Lucy Reed, housing communications intern, summarized the AHAC recommendation and the package of awards: $2,250,000 from the Pro Housing Fund to United Housing Partners working with the Latino Community Association (Bella Pines) for acquisition of a 2.9‑acre site to develop 102 rental units limited to households at 60% AMI and below; $1,750,000 (Pro Housing Fund) plus $1,000,000 (Affordable Housing Fund) to Housing Works for the 85 SWC project (acquisition of 1.45 acres for 59 rental units, 8 ADA accessible units, serving 31–50% AMI) where the pro housing portion was recommended as forgivable and the AHF portion as a standard loan; and $500,000 from the Affordable Housing Fund to Vital Housing for acquisition and preservation of Cedar West Apartments (121 units to be preserved and restricted at 60% AMI or less for 60 years).
Reed and staff noted CDBG allocations require a 30‑day public comment period and will return to council at a later date (staff will present CDBG recommendations on August 20). The packet showed $5.5 million available for tonight’s round of awards and $31 million requested across 11 applications.
Councilors asked about the balance of rental versus ownership funding since 2023; staff noted the city has invested over $1.1 million in production of 98 rental units and over $3.5 million for 81 homeownership units since the consolidated plan adopted in 2023. Council discussed tradeoffs across rental preservation, deeper affordability and homeownership creation. Counsel voted to approve staff recommendations.
Action: Council voted to approve the AHAC recommendations and authorized staff to execute loan documents and distribute the funds as approved.
