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Stockton adopts housing action plan, approves $16M+ pipeline for affordable projects and authorizes downtown land purchase
Summary
Council rescinded the 1999 Gleeson Park plan, adopted a new housing action plan with three neighborhood action plans, approved loan awards for three affordable housing projects (combined recommendation ~ $8.85M), and authorized purchase of the arena-adjacent parcel at 260 W. Fremont for $1.7M.
The Stockton City Council on Nov. 19 adopted an updated Housing Action Plan and three neighborhood action plans, rescinding the 1999 Gleeson Park plan for replacement by a modernized strategy focused on housing production and supportive services.
Planning Manager Matt Diaz said the action plans connect existing policy, grant-funded work and implementation guidance, describing prioritized areas (downtown, Mormon Slough/Gleeson Park, South Airport Corridor, North/South Shore) and preliminary unit projections and infrastructure gap estimates. The action plans aim to guide public-private partnerships and grant targeting rather than create new zoning requirements.
On housing finance, the council approved three loan awards recommended under the 2024 Affordable Housing NOFA: Fairview Terrace Apartments (Mutual Housing) — recommended allocation just over $7,000,000 for a 76-unit senior project; Kentfield Apartments (rehab) — recommended ~$1,100,000; and Casa De Mariposa (Visionary Home Builders) — recommended ~$747,000. Staff said the NOFA originally drew 11 proposals requesting about $52.5M; tonight's approvals bring a pipeline that, combined with earlier approvals, would yield 247 affordable units if all projects proceed.
Council also authorized staff to deobligate and reallocate funds if a project cannot meet underwriting or funding deadlines; NOFA guidelines include an 18-month deadline to enter funding agreements and up to 36 months to complete construction.
Separately, the council authorized acquisition of a vacant arena-adjacent parcel at 260 W. Fremont for $1.7M with $170,000 earnest money to begin due diligence (appraisal, environmental review). Economic Development Director Carrie Wright said the purchase is part of land-assembly work to spur downtown redevelopment and future RFPs for development partners.
Council approved the housing action plan resolution (6-0; Council member Lens absent), the NOFA loan awards (6-0; Council member Lens absent), and the land acquisition authorization (6-0; Council member Lens absent). Staff said receipt of tax-credit allocations and other leveraged financing remains necessary before shovel-ready construction can begin.
