Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redlands council approves Venue at Orange Phase 2 and $1.5 million interfund loan to add 50 very-low-income units
Summary
After an extended hearing and public comment, the council approved Phase 2 of the Venue at Orange (164 units) and authorized a $1.5 million interfund loan from the general fund to the Inclusionary Housing Fund to close a financing gap that staff and the developer said is needed to deliver 50 very-low-income units.
Redlands City Council voted to approve Phase 2 of the Venue at Orange project and to authorize a $1,500,000 interfund loan from the general fund to the city’s Inclusionary Housing Fund to support 50 very-low-income units required by a density-bonus agreement.
The proposal would add 164 apartments in three 3–4-story buildings on a 3.2-acre parcel on the south side of Orange Avenue between Iowa and Alabama. Staff told the council the developer is eligible for a state density bonus that, combined with concessions, produces the requested affordable-unit set-aside of 50 very-low-income units; staff said the city would structure $1.5 million as a forgivable loan recorded by deed of trust and repaid to the general fund with principal and interest once other projects fund the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
