Developer Section for 855 E. Laurel Drive for the Design and Development of an Affordable Multifamily Rental Housing Project Community Development Department
October 4, 2022
Recommendation
Select Eden Housing Inc. as the developer for the design and development of a 100% Affordable Multifamily Rental Housing Project at 855 E. Laurel Drive; and Authorize the City Manager or designee to continue to work with the County in negotiating and drafting an Exclusive Negotiating Agreement and modifying the City/County MOU to clarify development responsibilities, funding, and the equitable split of the Project’s developed housing units applicable to each jurisdiction’s Regional Housing Needs Allocation
855 E. Laurel Drive – RFQ Process
Overview/Timeline
City and County joint process
Published – May 6, 2022
Original Deadline – June 6, 2022
Extended Final Deadline – June 24, 2022
100 % Affordable Multifamily Rental housing Project
Minimum Units: 50
Lease Agreement – 55 Years
Affordability Restriction – 55-Year
Facilitated Site Visit
RFQ Process & Evaluation
Proposals
8 received
7 accepted
1 rejected (late submission)
Rating and Ranking Committee
Composed of 6 members
2 City Staff / 2 County Staff / 2 NCDC Staff
Interview Committee
Composed of 7 members
2 City Staff / 3 County Staff / 2 Community Members
4 highest-ranked development teams interviewed
Eden Housing Inc. – RFQ Proposal
Rating and Ranking Committee
Top Score
Interview Committee
Top Score
Proposed Site Plan
Scenario A – 132 units (5 Acres)
Scenario B – 180 Units (6.85 Acres)
Eden Housing Inc. – RFQ Proposal
Project Phasing
2 phases
Potential 3rd Phase
Through expansion of site to include additional County land Flexibility and Opportunity
Unit Count
Unit Bedroom Size Composition
Targeted clientele
Tax Credits
Pursuit of project funding
Eden Housing Inc. – RFQ Proposal
Eden Housing Inc. – RFQ Proposal
Eden Housing Inc. – RFQ Proposal
CEQA Consideration
Strategic Plan Goals & Strategies
Housing/Affordable Housing
Effective and Culturally Responsive Government
The City of Salinas has determined that the proposed action is not a project as defined by the California Environmental Quality Act (CEQA) per Guidelines Section 15378.
Fiscal and Sustainability Impact
No commitment of funds at this time
Departmental Coordination
City Attorney
County of Monterey
Questions & Comments