CONSTRUCTIONPENDING

County of San Luis Obispo Homeless Services Grants Application 2026

SLONP Housing Corp Proposes Major Affordable Housing Build

$869,961.00 (HOME funds), $722,388.00 (CDBG funds), $3,800,000.00 (land acquisition, full project $52,926,816.00)City of San Luis ObispoSAN LUIS OBISPO NONPROFIT HOUSING CORPORATIONOctober 10, 2025

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Description

San Luis Obispo Nonprofit Housing Corporation seeks nearly $1.6 million in CDBG and HOME funding for acquisition and construction of Monterey Family Apartments, a new 51-unit affordable housing project. Project involves significant leveraged financing and HOME matching.

Contract Details

Contract Amount

$869,961.00 (HOME funds), $722,388.00 (CDBG funds), $3,800,000.00 (land acquisition, full project $52,926,816.00)

Vendor

SAN LUIS OBISPO NONPROFIT HOUSING CORPORATION

Agency

City of San Luis Obispo, CA

Contract Type

CONSTRUCTION

Document Date

October 10, 2025

Contract Term

Through close of escrow, anticipated building permits Dec 2025, project completion est. 2027

Renewal Date

2026-11-18

Renewal Info

Future operations funded by project income; construction contract for land acquisition closes November 2026; funding renewals per annual HUD/County cycles.

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