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Board approves Homekey purchase of Costa Mesa Travelodge to create 76 supportive housing units
Summary
The board approved acquisition of the Travelodge on Bristol Street under the Homekey program, authorizing purchase and a ground lease to American Family Housing to create 76 permanent supportive housing units (including 10 for veterans) with $7 million in city contributions.
The Orange County Board of Supervisors unanimously approved on Dec. 17 a Homekey acquisition of the Travelodge on Bristol Street in Costa Mesa and authorized a ground lease to American Family Housing to fund, renovate and operate 76 permanent supportive housing units, including 10 units reserved for veterans.
Supervisor Foley described the project as the sixth Homekey conversion in Orange County and thanked the cities of Costa Mesa and Newport Beach for contributing $7 million toward the project. She called the proposal part of the county’s “Homekey in a box” initiative to convert underused motels into supportive housing.
The board approved the assignment and purchase agreement, a ground lease, and several lease assignments (including a Tesla supercharger lease and a restaurant lease) required for the acquisition and long-term operation. County staff said the site will include revenue-generating elements, such as a restaurant and EV charging, to help offset operating costs and support sustainability of services.
What’s next: County and partner American Family Housing will proceed with escrow, renovation and tenanting; staff estimated the site would be fully leased up in 2025.
