Salinas City Council Approves $87M Tax Exempt Bonds for Curitas Affordable Housing

May 17, 2025 | Salinas, Monterey County, California


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Salinas City Council Approves $87M Tax Exempt Bonds for Curitas Affordable Housing
The Salinas City Council convened on May 13, 2025, to discuss significant community issues, including a proposed $87 million tax-exempt financing initiative for affordable housing and adjustments to garbage collection rates.

In a key decision, the council approved a resolution to allow Curitas Affordable Housing Incorporated to issue tax-exempt revenue bonds through the California Municipal Finance Authority (CMFA). This financing will support the acquisition and improvement of properties, including a mobile home park at 20 Russell Road, which will provide housing for 67 families. Council members emphasized that while the city is facilitating this financing, it will bear no financial responsibility for the debt, as the repayment will be solely the responsibility of the borrower.

The council also addressed proposed rate increases for garbage collection services provided by Republic Services. The adjustments include a 4.56% increase for residential services, raising monthly fees from $34.87 to $36.46, and a 4.59% increase for commercial services. These increases are attributed to rising operational costs and state mandates, including fees related to organic waste processing. Council members expressed concerns about the financial burden on residents and businesses, particularly in light of ongoing economic challenges.

Public comments reflected mixed sentiments. Some residents appreciated the services provided by Republic Services but called for greater transparency regarding rate increases and service quality. Others voiced frustration over the rising costs, urging the council to prioritize the needs of Salinas residents over corporate profits.

In conclusion, the council's decisions aim to enhance affordable housing options while navigating the complexities of service rate adjustments. As the city moves forward, ongoing dialogue with Republic Services and community engagement will be crucial in addressing residents' concerns and ensuring equitable service delivery.

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