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Council extends exclusive negotiations for proposed 127-unit affordable housing project on National City Boulevard

National City Council · June 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The council approved an extension to an exclusive negotiating agreement with Tower 999 LLC for a proposed mixed-use development of about 127 rental units and ~9,000 sq ft of commercial space at 921–929 and 999 National City Boulevard; staff said ~40% of units would be restricted at 60% AMI and financing discussions continue, with a return expected in October.

The City Council voted to extend exclusive negotiating rights with Tower 999 LLC so staff and the developer can finalize a financing plan for a proposed mixed-use project on three city-owned parcels at 921–929 and 999 National City Boulevard.

Carlos Aguirre, the city’s Community Development director, told the council the project concept envisions approximately 127 rental units with…

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