The last hurrah of the Manteca Redevelopment Agency’s housing bonds could end up providing 40 units of senior independent housing for low- and very low-income seniors.
The City Council last week authorized staff to negotiate with DFA Development to use the remaining $2.6 million in RDA housing funds to help develop the complex on Cottage Avenue on the southeast corner of its crossing of Highway 99.
It is envisioned to have 13 single story buildings housing 40 living units as well as a community center along with a community garden.
They would be rented to seniors whose income is between 30 and 60 percent of the area income. Based on the 2012 Manteca median income of $55,563 those renting the property would need to have an annual income between $16,668 and $33,336 to qualify for the subsidized rents with the monthly charge based on a sliding scale.
Once the complex is completed it would remain as affordable housing for 55 years.
The $10.7 million project proposed by the Stockton firm would be built on vacant land immediately south of the new storm retention basin put in place by Caltrans
It would have one entrance that roughly aligns with Alameda Street. The complex would have carports for tenants.
Thirty-six units will be one-bedroom and one-bathroom units while four will be to-bedroom, one bathroom unit. The complex will have solar panels for electricity and solar panels for hit water.
The city’s investment will cover 24 percent of the overall cost and works out to $65,759 per unit.