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Council approves CHIP2025 tax-rebate for 16-unit duplex development on Hayes Street
Valley Center City Council · December 3, 2025
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Summary
The Valley Center City Council approved a CHIP2025-2 commercial housing incentive for K2M Investments LLC covering eight duplex buildings (16 units) on Hayes Street, granting a three-year, 100% city property tax rebate provided ownership requirements are met.
The Valley Center City Council voted to approve a commercial housing incentive (CHIP2025-2) application from K2M Investments LLC for eight duplexes (16 total units) on Hayes Street.
City staff said the properties were completed in February 2025 and that the CHIP program provides a…
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