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Council authorizes $1.0M+ PLHA/PIP award for downtown affordable housing project
Summary
Crescent City authorized the city manager to sign a PLHA–PIP loan agreement with Community Systems Solutions to support a proposed 27-unit mixed-use downtown affordable housing project, securing roughly $650,000 of PIP funds and combined PLHA/PIP funding just over $1,000,000.
The Crescent City Council voted Monday to authorize the city manager to execute a PLHA–PIP loan agreement with Community Systems Solutions for a proposed downtown mixed-use affordable housing project known as 'Redwood Downtown.' The council approved the agreement after staff and the developer outlined project scope, funding sources and security for the city’s grant.
Staff said the package combines a roughly $650,000 PIP allocation with PLHA funds to total just…
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