The Special City Council Meeting held on October 23, 2024, in Soledad, California, focused on a significant proposal for a co-housing agreement with the Soledad Unified School District. The meeting highlighted the collaborative effort to develop workforce housing, a project made possible through the passage of Measure N in 2020, which facilitated over $13 million in bonds for district improvements.

City officials discussed the sale of three lots located at 500 Monterey Street to the school district, which is currently under escrow. The city aims to finalize this transaction before the end of the month, as the agreement is set to expire. Approval from all relevant taxing entities, including the Board of Supervisors and the water district, has been secured, allowing the project to move forward.

A key aspect of the housing project is the inclusion of affordable units. The city council authorized a density bonus that increases the number of housing units and mandates the provision of three affordable units designated for very low, low, and moderate-income families. The school district will contribute two very low-income units and one moderate-income unit, extending the affordability term from 45 to 55 years due to the density bonus.

The financial implications of the agreement include an estimated $97,000 from the sale proceeds and an additional $29,000 from the school district to support the city's affordable housing initiatives. The council unanimously approved the resolution authorizing the city manager to execute the affordable housing agreement, marking a significant step toward addressing the housing needs of local educators and school staff.

Superintendent Banks expressed gratitude for the collaborative efforts, emphasizing the importance of providing affordable housing for teachers and staff to enhance recruitment and retention in the community. The council members echoed this sentiment, highlighting the long-term benefits for both the school district and the city.

As the project progresses, city officials will monitor compliance with the affordable housing agreement to ensure that the designated units remain accessible to those in need. The council looks forward to breaking ground on this project soon, which has been in discussion for several years.