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Council approves loan subordination to fund renovations at Benito Farm Labor Center
Soledad City Council (joint meeting with Successor Agency and Housing Authority) · December 18, 2025
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Summary
Soledad approved a joint resolution (63‑12) subordinating city/redevelopment loans so the Monterey County Housing Authority Development Corporation can secure senior financing to renovate the Benito Farm Labor Center and preserve affordable units.
The Soledad City Council unanimously approved a joint resolution (CSSHA‑2025‑01 / 63‑12) on Dec. 17 that allows the city and successor agency to subordinate existing loans on the Benito Farm Labor Center so the Monterey County Housing Authority Development Corporation can obtain a…
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