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Developer proposes land, $300,000 payment to cover 12 missing affordable units in Miravalle project
Summary
Developer HMBY LP and Eden Housing presented a revised in‑lieu affordable housing plan for the Miravalle (Parcel E) subdivision, proposing 40 long‑term restricted units, a 15,950‑square‑foot land dedication and a $300,000 in‑lieu payment to offset 12 required units not being built as ownership units.
Beatrice Trujillo, Soledad’s community and economic development director, told the City Council that the Miravalle Parcel E project — approved as a planned unit development in 2019 — originally required 52 affordable units across income levels. The developer is proposing an in‑lieu plan that would result in 40 affordable units with long‑term restrictions, a dedication of 15,950 square feet of land on Parcel B and a proposed $300,000 in‑lieu payment.
Trujillo said the 2019 PUD required 24 moderate‑income units and 28 low/very‑low units. Under a 2023 amendment and a density bonus, the multifamily portion expanded so Eden Housing, the nonprofit partner, could build more rental units; that change allowed the rental component to increase from 28 to as many as 40 units. Under the plan…
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