AMENDMENT NO. 4 TO PERMENENT LOCAL HOUSING ALLOCATION 5-YEAR PLAN AND ALLOCATION OF FUNDS TO CHISPA FOR FOUR PROJECTS Luis Ochoa, Sr. Community Development Analyst
David Vigil, Administrative Analyst
Monica Flores-Ponce, Community Development Analyst
Community Development Department
November 5, 2024
Background
Amendment No. 4 to PLHA 5-Year
$390,000 allocation for ADUs
$645,000 allocation to CHISPA for acquisition of 98 Kip Dr
Current PLHA 5-Year Plan Allocation
Activity Description
Percent Budget Per Year
1 2
3 4
5 Program Administration
5%
5%
5%
5%
5%
Affordable Housing Development
75%
0%
70%
40%
55%
ADU Production
0%
10%
0%
10%
10%
Matching Funds to LHTF
0%
0%
0%
0%
0%
Homeless Services Assistance
20%
85%
25%
45%
30%
Totals
100%
100%
100%
100%
100%
Discussion
Proposed Amendment to PLHA 5-Year Plan Allocation
Activity Description
Percent Budget Per Year
1 2
3 4
5 Program Administration
5%
5%
5%
5%
5%
Affordable Housing Development
75%
0%
41%
55%
55%
ADU Production
0%
10%
14%
0%
0%
Matching Funds to LHTF
0%
0%
0%
0%
0%
Homeless Services Assistance
20%
85%
0%
0%
0%
Homeownership Opportunities
0%
0%
40%
40%
40%
Totals
100%
100%
100%
100%
100%
Proposed Project
3 ADUs
120% AMI
PLHA
$130,000 per ADU
Total: $390,000
Purpose of Funds
Predevelopment
Construction
138 Carr Avenue Salinas, CA 93905
615 Fremont St Salinas, CA 93905
617 Fremont St Salinas, CA 93905
ADUs
98 Kip Drive
98 Kip Drive Salinas, CA 93906
Proposed Project
36 Units
Senior Housing
100% Affordable
PLHA
$645,000
Purpose of Funds
Land Acquisition
Recommended Motion
A motion recommending the City Council approve a resolution authorizing:
the submission of Amendment No. 4 to the PLHA 5-Year Plan the allocation of PLHA funds to CHISPA for the development of three ADUs the allocation of PLHA funds to CHISPA for the acquisition of the 98 Kip Drive property
Questions & Comments