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Council approves $2.5 million CDBG loan for 47‑unit Mission Trails affordable housing project
Summary
The City Council approved a $2.5 million Community Development Block Grant loan to support property acquisition for the Grama at Mission Trails, a 47‑unit, transit‑oriented affordable housing development that includes 14 permanent supportive housing units and a 55‑year affordability covenant.
The City Council on Feb. 25 approved a loan agreement authorizing up to $2.5 million in CDBG funds to support the Grama at Mission Trails (also described as Granite Mission Trails) affordable housing project in the Grantville neighborhood.
Economic Development staff described the seven‑story, transit‑oriented…
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