Monterey, CA Senior Low-Income Housing Coming To Van Buren Street
by Richard Kuehn on 02/08/15
Some much
needed senior low-income
housing is coming to downtown Monterey.
The City Council this week approved an exclusive negotiating agreement
with the nonprofit Mid-Peninsula Housing in order to build a 19-unit facility
on city-owned land on the 600 block of Van Buren Street. Mid-Peninsula will build the housing and the
city will lease the land to them for just $1 per year and help pay for
pre-construction costs. The city was
actually backed into a corner in this situation. After spending $1.3 million in federal
low-income housing grants on the Van Buren Street parcels in 2000 and 2002, the
city never built on them and the U.S. Department of Housing and Urban
Development has demanded the money back.
This will resolve that situation.
