Council clears two housing items: Park Center rezoning for 51-unit affordable project and Grandview Village TEFRA recertification

The Stockton City Council on June 18 approved two housing-related items: a rezoning needed for the Park Center Apartments, a roughly 51-unit affordable housing redevelopment led by the County Housing Authority, and a TEFRA recertification for Grandview Village that authorizes reissuance of bonds not to exceed $23 million for permanent financing.

Mike McDowell, assistant director in Community Development, described the Park Center project and explained the rezone and lot merger were necessary because portions of the buildings will cross existing parcel lines. "The project includes 51 units," McDowell said, and staff recommended approval after the planning commission’s recommendation.

Economic development director Carrie Wright explained that Grandview Village is moving into permanent financing and that the TEFRA recertification is a technical action to confirm public benefit; the council was told the project is four stories and 75 units and was fully leased as of February. The city will not incur debt under the TEFRA action; staff said the certification allows the California Municipal Finance Authority or other issuers to proceed.

Councilmembers praised the projects as needed additions to the city’s affordable housing stock and voted in favor of both actions by roll call, 6–0 with Councilmember Lehi absent. Mayor Lincoln closed each public hearing prior to the votes.

Next steps: Staff will process the rezoning and related permits for Park Center and coordinate with the Housing Authority and CMFA on financing documentation for Grandview Village.