About two yrs back, the city of Monterey started a quest to change downtown qualities it owned into vitality-efficient, affordable housing. Following identifying 4 destinations that could be redeveloped and fielding proposals from at least five builders, Monterey City Council voted on Feb. 16 to decide on two Bay Area-centered nonprofit firms, MidPen Housing and Initially Local community Housing.
MidPen created the Van Buren Senior Apartments in partnership with the city in 2018. It was tapped to develop on three of the four destinations recognized: 417 Figueroa St., positioned across from Jack’s Park a collection of four parcels at the corner of Van Buren and Madison streets behind Metropolis Hall and 438 Calle Principal, a two-tale metropolis parking garage. Initial Community Housing was preferred for 442 Adams St., at this time a metropolis parking great deal on the west side of Jack’s Park.
In all situations the city will keep possession of the land, leasing it for $1 per yr to the builders. They could convey an believed 150 affordable residences to downtown.
Precise information about the initiatives are not however offered as contracts with the two developers are still remaining negotiated. A MidPen official declined to remark. Very first Local community President/CEO Geoffrey Morgan claims his corporation proposed 50 units for the Adams Road location, with about a person-quarter reserved for veterans. Morgan, a veteran himself, claims his business – which has crafted 1,500 models of inexpensive housing such as senior apartments in Salinas – viewed as the needs of the local populace in crafting a proposal. They hope to start off construction in 2023 with the initially citizens relocating in by spring of 2025.
Although the council was supportive of creating the units, there was disagreement about some parcels in which at the very least two customers, Mayor Clyde Roberson and Councilmember Ed Smith, desired solutions for to start with-time homebuyers provided. They voted no on proposals for the Adams Road and Calle Principal projects.