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Council approves amendment to fund Redwood Downtown affordable housing project
Summary
The council authorized an amendment to a PLHA/PIP loan agreement to support the Redwood Downtown affordable housing project (now proposed at 36 units) and committed available PIP and PLHA funds while acknowledging the project needs additional financing.
Crescent City — The City Council voted to authorize an amendment to the city’s PLHA/PIP loan agreement to back a downtown affordable-housing project called “Redwood Downtown.”
City staff told the council the project was selected through an RFP process and would pair public funding (a combined ~ $1,012,000 in local PLHA and PIP funds cited in staff materials) with private financing to deliver residential units in the…
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