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Emeryville council declines to commit $31.76 million to 4300 San Pablo affordable housing; asks staff to explore alternatives
Summary
After hours of questioning about costs, subsidies and alternatives, Emeryville City Council voted 3–2 against a staff recommendation to commit up to $31,757,588 to EAH Inc. to develop a 68‑unit intergenerational affordable housing project at 4300 San Pablo Avenue. Council asked staff to return with options to pursue other development paths for the site.
Mayor Carr presided as the Emeryville City Council considered a staff recommendation to authorize the city manager to commit up to $31,757,588 in financing to EAH Inc. for a five‑story, 68‑unit intergenerational affordable housing project at 4300 San Pablo Avenue.
Valerie, a city housing staffer, told the council the project was selected through a 2020 RFP and would include roughly 54 units for seniors, 13 units for transitional‑age youth and one manager unit. The total development cost is about $62 million; staff requested about $31.7 million in subsidy (roughly 47% of development cost), with about $29 million from city resources and $2.7 million from an Alameda County Measure A1 reservation. Valerie said the request was driven by a loss of project‑based vouchers from the Alameda County Housing Authority and by unsuccessful state funding applications, leaving a financing gap that…
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