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Commissioners pressed on protections for 195-unit 500 East Main affordable housing project and HUD financing conditions
Summary
Board members discussed the 500 East Main Street affordable housing project, including a 99-year ground lease, 40-year affordability period, HUD financing conditions and the need to ensure units are tied to local homelessness and waiting lists.
Commissioners reviewed a proposed 195-unit affordable housing project on county-owned land at 500 East Main Street and asked staff to confirm protections for long-term affordability and mechanisms to link units to the homeless-services pipeline.
Perry Manns and staff said the county will own the property and that the project is structured with a 99-year ground lease; HUD financing imposes some requirements and the county expects a 40-year period of affordability embedded in the deal documents. Commissioner Jacobs asked specifically whether the county would retain a right of first refusal and how tenants for 30% AMI units would be identified. Staff said some details are in the original MDA and that closing on HUD financing drives the current timeline; they committed to return with a clear framework for connecting a share of units to homeless-services waiting lists and to confirm legal protections for long-term affordability.
