CONSTRUCTIONONGOING

Housing Authority of the County of Monterey AgendaPacket 2026-05-26

HACM advances Greenfield and Salinas projects with Milestone

To be determined by subsequent financing and tax credit awardsHousing Authority of the county of MontereyMILESTONE HOUSING GROUP LLCMay 25, 2026

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Description

The Housing Authority of the County of Monterey and its affiliate HDC are authorized under Resolution 3160 to continue working with Milestone Housing Group, LLC as development partner for affordable housing projects on HACM properties in Greenfield and Salinas. The action supports submission of Low-Income Housing Tax Credit and other financing applications, and execution of ground leases and other agreements necessary for project development and long-term operation.

Contract Details

Contract Amount

To be determined by subsequent financing and tax credit awards

Vendor

MILESTONE HOUSING GROUP LLC

Agency

Housing Authority of the county of Monterey, CA

Contract Type

CONSTRUCTION

Document Date

May 25, 2026

Contract Term

Not specified; related to development period and long-term operations

Renewal Info

Development Services Agreement is already in place; Resolution 3160 ratifies prior actions and authorizes ongoing implementation, additional financing-related agreements, and the formation of owner entities, but does not specify renewal or end dates.