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Board approves 132-unit Eden Housing project on county land in Salinas
Summary
The Monterey County Board of Supervisors approved a lease-disposition and development agreement and related documents with Eden Housing Inc. to build 132 affordable rental units at 855 East Laurel Drive in Salinas, authorizing a 99-year $1-per-year ground lease and regulatory restrictions on long-term affordability.
Monterey County supervisors on March 11 approved a development plan and long-term lease with Eden Housing Inc. for a 132-unit affordable rental housing project on county-owned land at 855 East Laurel Drive in Salinas. Staff described the project as two phases of four apartment buildings with two amenity buildings, 180 parking spaces, outdoor gathering areas, a playground, rain garden and raised garden beds.
The board also approved a lease-disposition and development agreement (LDDA), a regulatory agreement and declaration of restrictive covenants, and a ground lease substantially in the form presented by staff. The board authorized the director of Housing and Community Development to negotiate and execute final documents, including modifications required by lenders or security interest holders, and to execute…
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