Title
Receive a status update on current development activity on the East Garrison development project.
Report
RECOMMENDATION:
Staff recommends that the Fort Ord Committee receive a status update on current development activity on the East Garrison development project.
SUMMARY:
At total of 355 single-family homes have been completed and certified for occupancy at East Garrison through March 7, 2017, and sixty five (65) very low-and low-income rental apartments are built and occupied. A discussion of current activities in each of three project phases is presented below.
DISCUSSION:
Phase 1 Housing Construction:
* Sale from UCP East Garrison LLC (the master developer) to Benchmark Communities LLC (the affiliate homebuilder) of all 272 lots for construction of single family homes in Phase 1 is complete. As of March 7, 2017, County RMA-Building Services has issued 248 building permits for SFRs, 17 market-rate multi-family units, and 8 moderate-income multi-family units in Phase 1. 228 SFR houses have been completed (including the 12 model units). No Moderate-Income Inclusionary units have been completed to date. UCP has contended that at least some of the SFR qualify as Workforce II; staff is currently working with UCP to see if that can be verified, thus showing compliance with the terms of the Amended and Restated First Implementation Agreement. If the required number of units cannot be verified, it appears that UCP will have to devote all non-Moderate Income Townhome Units for Workforce II housing.
Phase 2 Housing Construction:
* Sale from UCP to Benchmark Communities LLC of 237 of the 315 lots for construction of market-rate homes in Phase 2 is complete. As of March 7, 2017, County RMA-Building Services has issued 191 building permits for market-rate SFRs in Phase 2, and 127 houses have been completed. UCP has submitted the required Market Analysis regarding its intent to proceed with sale of the remaining 78 lots to additional Benchmark affiliat...
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