Status Report, December, 2008

Felton Fair Affordable Housing (55 units next to Felton Fair shopping center).

The County Board of Supervisors voted on November 25, 2008 to allocate another $1.2 for pre-development costs, primarily for technical investigations. The total predevelopment cost is expected to reach $6 million. Mark Stone voted against the allocation but it passed 4 to 1. The water source issue was not discussed. We understand that South County Housing is pursuing tying into the SLV water system. The BOS seems committed to moving the project forward. You can listen to the discussion by connecting to the Santa Cruz County Board of Supervisors web site.

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