CITY OF SALINAS AND HOUSING AUTHORITY OF THE
COUNTY OF MONTEREY MEMORANDUM OF
UNDERSTANDING
Luis Ochoa, Sr. Community Development Analyst
Community Development Department
April 25, 2023
Background
• Step Up in Salinas Homekey
Project
• HUD Environmental Assessment
• HUD Waiver Approval Letter
• December 19, 2022
• 85 Project Based V ouchers / 25
Years
• 7 Conditions of Approval
• MOU between City and HACM
Discussion
• Memorandum of Understanding
• City and Housing Authority of the
County of Monterey
• Completion of HUD Environmental
Review Records
o HACM Projects
o City Projects
o Non-profit/For-profit Developer Projects
Discussion
• Executing MOU will allow
the City / Shangri-La / Step
Up on Second Street to:
1. Access 85 PBVs
2. Annual PBVs Value =
$1,378,020
3. PBVs Value over 25 Year =
$34,450,500
Recommendation
Housing and Land Use Committee supports:
the execution a Memorandum of Understanding between the City of Salinas and the Housing Authority of the County of Monterey for the completion of required U.S. Department of Housing and Urban Development Environmental Review
Records
Questions & Comments