OTHERAPPROVED

City of Scotts Valley City Council Meeting Agenda March 2026

PLHA Funds Committed for Town Center Land Acquisition

$171,995 (PLHA funds) toward acquisition of Town Center land parcelCity of Scotts ValleyCITY OF SANTA CRUZMarch 4, 2026

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Description

The City of Scotts Valley committed $171,995 in Permanent Local Housing Allocation (PLHA) funds toward the 2025 acquisition of land from the City of Santa Cruz to support the affordable housing Town Center project. The funding is contingent upon completion of affordable units by June 30, 2030, per state requirements.

Contract Details

Contract Amount

$171,995 (PLHA funds) toward acquisition of Town Center land parcel

Vendor

CITY OF SANTA CRUZ

Agency

City of Scotts Valley, CA

Contract Type

OTHER

Document Date

March 4, 2026

Contract Term

2025 Acquisition; affordable housing must be completed by June 30, 2030 (per PLHA contract)

Renewal Date

2030-06-30

Renewal Info

No renewals; completion of affordable rental housing required by June 30, 2030 as a condition of funding.

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APPROVED

San Benito County (California)$15,000 annually for 3 years (total not to exceed $45,000 through FY 2027) and $15,000 for FY 2028June 9, 2026

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Issuing Agency