The Salida City Council is holding a joint work session at 6:00 p.m. tonight, July 31 with the Planning Commission in Council Chambers in the Touber Building, 448 E. First Street.
Dual topics detail future housing growth picture in Salida
On the agenda are two presentations related to affordable housing development: the first is from Studio Seed, the consultants hired to work with the city on the South Ark Neighborhood project. They will present two “preferred alternative” versions of the South Ark Neighborhood site plan, based on several months’ worth of work with the City as well as an intensive period of public feedback, beginning with an Open House at the end of January.
The two plans, while presenting slight differences in terms of layout and location of proposed features such as a civic/educational campus, recreation areas, and open space, both feature a similar mix of housing types, and densities which approach a theoretical maximum of 400 units on the site.
Wetlands designation impact to be explored
The meeting packet contains new information that may affect the project. “It is worth noting that the presence of designated wetlands on the site, as determined by a wetland biologist, has required relocation/reduction of planned athletic fields in central-west portion of the site for the purposes of this plan.”
Deed restrictions and ground leases: two tools for affordable housing
South Ark Neighborhood Site Map. Image courtesy of the City of Salida.
The second presentation, by the Chaffee Housing Trust, is a comparison of the differences, including pros and cons between deed restrictions and ground leases. These are key tools to ensure long-term affordability in housing projects, and the tutorial complements the South Ark Neighborhood site plan discussion.
With a ground lease arrangement, which can have a range of anywhere from 20 to 99 years, the tenant owns the building and the landlord – which can be the city, a housing trust, or a developer – owns the land underneath it.
At the end of the lease period, the building including any improvements, reverts to the land owner.
The agenda and packet for the work session, along with evolving visuals for the South Ark Neighborhood can be found here.
Recent Comments