Project is one of two recommended for loans of city's low-income housing funds; staffers reviewed five proposals
A proposal to build 56 apartments for low-income seniors on South Coast Highway near Oceanside Boulevard tops a list of projects submitted for Oceanside's affordable housing program. The Coastal Villas is one of two projects that Oceanside's Housing and Neighborhood Services Department is recommending for approval out of five responses to a notice of available funding that the city issued Feb. 9. No.
was a co-developer of Oceanside's Greenbrier Village, a 60-unit apartment building for people who are homeless or in danger of becoming homeless opening this summer on Greenbrier Drive, near Oceanside Boulevard and Interstate 5. The developer has applied for a loan of $4,250,000 in city funding toward the Coast Villas project's total estimated construction costs of $37.6 million. If approved, the loan would be for 55 years at simple 3 percent interest.
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