Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mission Viejo OKs $530,000 CDBG transfer to buy two affordable units with Wise Place
Summary
The City Council approved using $530,000 in CDBG funds to help nonprofit Wise Place buy two condominiums to be affordable to very-low-income households for at least 35 years; Wise Place will contribute $355,000 and existing tenants will not be displaced.
Mission Viejo’s City Council voted unanimously April 14 to transfer $530,000 in Community Development Block Grant (CDBG) funds to the Housing Authority to help nonprofit Wise Place acquire two condominium units for very‑low‑income households.
The purchase agreement covers a one‑bedroom unit in the Las Palmas community and a two‑bedroom unit in the Valencia community. Cliff Jones, the city’s planning and economic development manager, told the council the city’s contribution combined with Wise Place’s $355,000 would produce an $885,000 acquisition to preserve the units as…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
