49 Affordable Rental Units Come Online with Hikari Opening

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News Date: 
September 18, 2018
Hikari apartments ribbon cutting ceremony

Haciendas Phase III also known as “Hikari,” which means “light” in Japanese, is the first affordable housing development on the Central Coast that was developed using modular construction. The project on Rossi Street also includes solar energy to offset all common area usage as well as a portion of the tenants usage. Hikari is the final phase of the Haciendas developments which include Haciendas Phase I, Phase II and Phase IV (senior housing) all developed by the Monterey County Housing Authority Development Corporation (HDC). Hikari is a new construction affordable multi-family rental housing development comprised of fifty (50) residential units, of which forty-nine (49) units will be affordable to low-income households earning sixty percent (60%) of Area Median Income or below, and one (1) unit shall be designated as the manager’s unit. The grand total project cost for Hikari is approximately $26,000,000. The City of Salinas provided approximately $2,000,000 to the project which consisted of federal United States Department of Housing and Urban Development (HUD) HOME Investment Partnerships Program (HOME) funding and a Fee Deferral which allowed HDC to defer certain eligible development fees. The grand opening celebration for Hikari took place on September 6, 2018 and featured speakers from HDC along with the project’s funding partners and elected officials including City Mayor, Joe Gunter, Monterey County Supervisor, Luis Alejo, and representatives from CA Assemblymember Anna Caballero’s office and CA Senator Anthony Cannella’s office.