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Habitat for Humanity project in Yuba City faces funding gap; HCD grant ties complicate scaling back
Summary
Habitat for Humanity's proposed Merriment Village, a planned 217-unit multifamily project on Walton Avenue, has a funding gap for Phase 1. Staff said the project's HCD grant is tied to a specified unit count, limiting the group's ability to scale the project down without reducing grant funds.
Habitat for Humanity’s proposed Merriment Village, a planned 217-unit multifamily development on Walton Avenue, is facing a funding gap for the project’s initial phase, Yuba City planning staff told the planning commission.
Staff member Libby said Habitat is working with banks and other partners to close the gap and that the…
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