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Council approves 55‑year affordability covenant for city‑owned 6th & 8th Street apartments and awards window replacement contract
Summary
The council recorded a regulatory agreement securing 10 city‑owned apartment units at 6th & 8th Street as affordable housing for 55 years to meet PLHA grant requirements, and awarded a $49,932 contract (plus 15% contingency) to replace the buildings’ windows using PLHA funds.
The City Council voted to record a regulatory agreement that will restrict rents at the city‑owned 6th & 8th Street apartments for 55 years, satisfying requirements tied to the city’s Permanent Local Housing Allocation (PLHA) funding. Assistant to the City Manager Thomas Garcia said the city previously secured $406,000 from PLHA cycles two through four, and staff expects a possible $72,000 from a pending fifth‑cycle award.
The agreement…
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