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Board approves Placentia and HomeKey motel conversions; details on unit mix and funding provided
Summary
The board approved a loan commitment and project-based vouchers for the Placentia Baker Street Apartments (68 units, 55-year covenants) and approved a Motel 6 HomeKey conversion for 30 units for veterans. Staff provided unit counts, AMI targeting and funding sources; both items carried unanimously.
The Orange County Board of Supervisors on July 23 approved multiple housing-related actions, including a loan commitment for the Placentia Baker Street Apartments and a HomeKey motel conversion in Costa Mesa.
OC Community Resources staff said the Placentia project will provide 68 units (one manager unit and 67 residential units) with a 55-year affordability covenant beginning at lease-up. Dylan Wright described the unit mix: 17 units restricted at 30% area median income (AMI) or below and the remaining 49 between 40%–60% AMI depending on funding sources. Wright reported the project's per-unit cost roughly at $692,000 and an anticipated initial occupancy target in May 2027. The city of Placentia is contributing $3,049,000 to the project.
"The 17 units will be at 30% AMI," Wright said when the board pressed for specifics on unit targeting and funding lines.
Separately, the board approved an amendment to a ground lease for a Motel 6 conversion under the state's HomeKey program. The project was described as converting a dilapidated motel on Newport Boulevard into 30 units for veterans; supervisors stressed it is intended as permanent housing (not a shelter).
Both items passed without objection. The board asked staff to continue coordinating with local partners and to return with standard implementation documents and oversight provisions as projects move toward construction and occupancy.
