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Soledad council authorizes affordable housing agreement with school district for workforce housing at 500 Monterey Street
Summary
Council approved Resolution 6,165 to authorize the city manager to execute an affordable-housing agreement with Soledad Unified School District for a workforce housing development at 500 Monterey Street; the deal includes three deed-restricted affordable units and a 55‑year affordability term tied to a density bonus.
The Soledad City Council on Oct. 23 approved an affordable-housing agreement with Soledad Unified School District for a workforce housing project located at 500 Monterey Street.
Staff described a multi-year partnership with the district that traces to Measure N bond proceeds and parcel transfers. The city is under escrow to transfer three lots to the district to develop workforce housing; staff said escrow…
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