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July 3, 2006
In exciting news for the City of Salinas, the Housing Authority of the County of Monterey announced that they are prepared to move forward with the approval process for the revenue bonds through the City of Salinas to fund the Tynan Village Mixed-Use apartment and commercial project. This project should have a strong influence on the downtown of Salinas and developments east of the city. We congratulate the Housing Authority and the City of Salinas on this accomplishment. New affordable apartments and stores could go up at the Front and East Alisal street intersection in east Salinas by the end of the year, if bonds receive city approval at a hearing July 11. "We're very excited to be bringing this project into the community," said Starla Warren, director of development for the Housing Authority for the County of Monterey. "It's going to go a long way to revitalizing the downtown area." The Salinas City Council will hold a public hearing July 11 on a mixed-use development, called Tynan Village, proposed by the housing authority for the site. The council will consider whether to issue $10 million in revenue bonds for the project. If it does so, the authority is expected to begin construction by December. Developers plan to offer 171 apartments, 40 percent of which will be affordable, within 18 to 24 months. The 5.9-acre property, currently owned by the Tynan Lumber Co., will also feature about 13,000 square feet of commercial and retail development. On-site support for residents, including fitness, nutritional and health education classes, will be available after school and in the evenings through a partnership with the housing author- ity, the Monterey County Health Consortium and the Boys and Girls Clubs. The Tynan Village housing will be spread through five buildings. Plans call for about 320 parking spaces, mostly located in a two-story parking structure. The housing authority will open a wait list when construction begins, Warren said. On June 26, the housing authority received $8.8 million in state funds, including $4.7 million for Tynan Village and $4.1 million for the Benito affordable farm labor center in Soledad. The housing authority has received $41.3 million in bonds, tax credit equity and city loans for the construction of Tynan Village to date. Another $8 million bond allocation is pending, the house authority said.
The following is the article from the Salinas Californian.
Salinas' Tynan Village moves ahead
Council to hold hearings July 11
Contact Victor Calderón at [email protected].
Originally published July 3, 2006
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