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Mount Shasta accepts $250,000 PLHA administrative fee into general fund for Seeing Mountain townhomes project
Summary
Council approved depositing the $250,000 administrative portion of a $5 million PLHA award into the general fund to cover CEQA and loan administration costs and to bolster reserves; the award supports Seeing Mountain townhomes and the $250,000 was described as administrative fees under state program rules.
The council accepted the administrative portion of a Permanent Local Housing Allocation (PLHA) award and directed that $250,000 in administrative fees be deposited into the city's general fund.
Speaker 3 said the city, on behalf of developer Danko, was awarded $5,000,000 from the PLHA program, to be administered as a…
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