San Joaquin & B Street Homes

The Agency approved an OPA to provide assistance for construction of sixteen (16) single-family low- and moderate income homes at 1747 “B” Street.  Under the OPA, the Agency constructed the off-site improvements described as curb, gutter, sidewalk around perimeter of the development, 16 driveway approaches, an alley approach and paving of alley at an estimated $75,000.  In addition, the Agency provided a grant in the amount of $75,000 to assist in development costs of the affordable housing units.   “Affordable Housing Covenants” were placed on three (3) of the sixteen (16) homes, requiring that the three homes be made available at affordable housing cost to, and be occupied by, persons and families of extremely low or moderate income for a period of not less than 45 years.