Title
Conditional Commitment Letter to the Housing Authority of the County of Monterey for the Development of the Division Street Properties (921 E. Market St. and 115-151 Division Street)
Recommended Action
A motion supporting the approval of a City Council resolution authorizing the approval of a Conditional Commitment Letter to Housing Authority of the County of Monterey (HACM) for predevelopment and construction costs in the amount of $3,080,000 from the Salinas Local Housing Trust Fund for a proposed one-hundred percent affordable multifamily rental housing project at the Division Street properties (921 E. Market St. and 115-151 Division St).