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The back ground of your own measure is the extension away from manager-community, a continuing trend for a long time plus one that has been supported by the government, but which includes inevitably on it a boost in just how many residents towards reasonable income.

A council-appointed committee into the August whittled a listing of 14 proposals having purchasing all the or the main Lowe’s currency in order to half a dozen. Here you will find the other proposals:

Enough time Coastline-founded LINC Homes questioned $1 million to own 21 rentals to have lower-income older people and you may half dozen residential property getting moderate-earnings properties. LINC perform make such accommodations and you will residential property on step one acre together Eastern Street merely southern area regarding South Roadway to have a maximum of $cuatro.cuatro million.

Northern Valley Catholic Public Attributes expected $250,000 having 15 apartments to your psychologically unwell. The fresh nonprofit classification plans to invest $dos.98 mil complete.

The city Revitalization and you may Creativity Corp. requested $351,000 for six several-facts belongings regarding Martin A? Luther King Jr. society for all the way down-income properties. The firm plans to spend $step 1.88 billion in these house.

The new Redding funds is modeled towards North California Area Loan Funds, which were only available in San francisco bay area having a good $eight,000 seed products grant into the 1987

Web page Development LLC expected $one million to possess 89 short-parcel home to your River Boulevard. The Lowe’s money carry out enhance the level of reasonable residential property planned inside innovation out of ten so you’re able to 20. Web page plans to spend $20 billion total.

The newest Shasta Builders’ Replace asked you to definitely Redding contain the $1 million and you can dedicate they for the an affordable Homes Infill A?Development Money.

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