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Yuba City planning staff: Merriment Village faces funding gap, HCD grant limits phasing
Summary
City staff told the Planning Commission that Merriment Village, a proposed 217-unit multifamily project by Habitat on Walton Avenue, still has a funding gap and cannot simply be reduced in size without affecting its HCD grant.
The Yuba City Planning Commission heard an update on Merriment Village, a proposed 217-unit multifamily development by Habitat on Walton Avenue, and was told the project still faces a funding gap.
Planning staff member Mr. Libby told commissioners that Habitat is working with banks and other partners to close the gap but that rising construction costs and tariffs have…
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