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Title:
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RESOLUTION - LOAN MODIFICATION OF TARGETED AFFORDABLE UNITS - ORCHARD COMMONS, 811 BOYD STREET
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, approve a modification to the targeted affordable units for Orchard Commons (formerly known as Boyd Street Family Apartments), located at 811 Boyd Street from 8 units at 30% of Area Median Income (AMI), 37 units at 50% of AMI and one unrestricted manager’s unit to 10 units at 30% of AMI, 5 units at 50% of AMI, 30 units @ 60% of AMI, and one unrestricted manager’s unit.
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Code sections:
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15183 - Consistent with Community Plan, General Plan, or Zoning, 15332 - Infill Development
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