File #: 10-00939    Version: 1
Type: Agenda Item Status: Passed
File created: 10/11/2010 In control: BOARD OF SUPERVISORS
On agenda: 10/19/2010 Final action: 10/19/2010
Title: Consider recommendations regarding an update of affordability provisions and encumbrance for 26 La Calera Way, Third District, as follows: a) Approve a modification of the affordability conditions on the real property located in the Pacific Glen Development at 26 La Calera Way, in Goleta, California, APN 073-480-006; and b) Approve a change in the income category from Low (50-80% of Area Median Income) to Moderate (100-120% of Area Median Income); and c) Approve an increase in the affordability covenant on the property from the present 30 years to 45 years, effective from the date of transfer to the new owner.
Sponsors: HOUSING AND COMMUNITY DEVELOPMENT
Attachments: 1. Board Letter

Title

Consider recommendations regarding an update of affordability provisions and encumbrance for 26 La Calera Way, Third District, as follows:

 

a) Approve a modification of the affordability conditions on the real property located in the Pacific Glen Development at 26 La Calera Way, in Goleta, California, APN 073-480-006; and

 

b)  Approve a change in the income category from Low (50-80% of Area Median Income) to Moderate (100-120% of Area Median Income); and

 

c)  Approve an increase in the affordability covenant on the property from the present 30 years to 45 years, effective from the date of transfer to the new owner.