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Council OKs city role to pass roughly $400,000 in state PLHA funds to Mallard Apartments
Summary
Placerville authorized the city manager to negotiate and execute agreements to pass approximately $400,000 in Permanent Local Housing Allocation (PLHA) funds to Mallard Apartments LP for an affordable housing project and to act as intermediary for the loan and regulatory agreement.
The Placerville City Council on May 13 authorized the city manager to negotiate and execute a loan agreement and affordable housing regulatory agreement to pass approximately $400,000 in Permanent Local Housing Allocation (PLHA) funds to Mallard Apartments LP.
City staff said the staff report initially used an incorrect acronym (CPLHA) and that the correct program is the state…
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