I. RECOMMENDATION:
Approval of a two (2) year extension for Site Plan Review 16-09 approved by the City of Coalinga Planning Commission on January 10, 2017.
II. BACKGROUND:
January 10, 2017, the City of Coalinga Planning Commission approved a 32-unit senior living facility to be located on the south side of East Walnut Avenue between North Maple Road and Elm Avenue (State Route [SR] 33/198). The proposed project site is a 1.52-acre vacant lot is currently zoned and designated Residential High Density (RHD). The site plan regulations have not changed since the projects original approval in 2017 resulting in unnecessary permitting if an extension is not approved.
This application has gone through multiple extensions for the same reasons identified in the current request.
III. PROPOSAL AND ANALYSIS:
The developer has a proven track record in the City for following thorough affordable housing projects. AMG & Associates constructed and immediately rented up the Valle Del Sole Apartments which opened in 2016. This is a very similar project to what has been approved on Elm and Walnut.
Recently, staff was notified by HCD that the project in fact has been awarded HOME funding for this project and the applicant will just need time to apply for 4% tax credits and finalize acquisition and constriction. Therefore a two (2) year extension is being requested by staff to ensure ample time to complete all the necessary tasks for funding.
IV. FISCAL IMPACT:
None determined at this time.
V. REASONS FOR RECOMMENDATION:
Affordable housing projects like this require creative funding scenarios where all areas of the financial arena need to come together. It is not uncommon where these types of projects take 2 or even 3 years to come together. Staff is recommending approval of site plan extension for two (2) additional years. The new expiration date would be January 12, 2023. |