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Costa Mesa council advances housing-element rezoning, approves major loans for senior affordable housing
Summary
Council adopted targeted housing-element rezoning to a mixed-use overlay requiring at least 50% residential on designated sites and approved long-term, low-interest loans to help finish financing for a 100% affordable senior project and another affordable rental project.
Costa Mesa’s City Council on March 17 moved forward a package of housing measures that includes rezoning designated housing-element sites and new council-backed loans to help complete two deeply affordable apartment projects. The council adopted amendments to permit a Mixed-Use Overlay District on housing-element sites — a zoning tool that requires new development on those sites to be at least 50% residential and meet minimum density standards — and approved city loan commitments to close financing gaps for two affordable developments.
The rezoning is being advanced under a streamlined state pathway (SB 131) designed to speed housing-element implementation. Planning staff said the Mixed-Use Overlay…
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