Riverbank City Council has approved a request by Pacific West Communities to construct a 65-unit affordable, multi-family project on the southwest corner of Claus and Patterson roads opposite Riverbank High School.
Sitting Monday as the Riverbank Redevelopment Agency, the council also approved making a loan of $3.2 million to assist funding for the $17 million development. The money will come from the 20 percent that the RDA must set aside for affordable housing out of tax increment funds.
"It looks like a very nice project to serve low and medium income families. We need to see more of these projects," said Vice Mayor Sandy Benitez.
"We do need additional types of housing, more affordable and more flexible," added Councilmember Virginia Madueno.
Councilmember Dave I. White ascertained construction could be complete by the start of 2010.
The submitted plans present three building types with two, three and four bedroom units as well as a community building, pool, playground and picnic area, said City Associate Planner Emily Pino.
Sitting Monday as the Riverbank Redevelopment Agency, the council also approved making a loan of $3.2 million to assist funding for the $17 million development. The money will come from the 20 percent that the RDA must set aside for affordable housing out of tax increment funds.
"It looks like a very nice project to serve low and medium income families. We need to see more of these projects," said Vice Mayor Sandy Benitez.
"We do need additional types of housing, more affordable and more flexible," added Councilmember Virginia Madueno.
Councilmember Dave I. White ascertained construction could be complete by the start of 2010.
The submitted plans present three building types with two, three and four bedroom units as well as a community building, pool, playground and picnic area, said City Associate Planner Emily Pino.
