Highly competitive state and federal tax credits - which will generate an estimated total of $31.8 million in funding - have been awarded by the California Tax Credit Allocation Committee to MidPen Housing to build a mixed-use, affordable housing community in Salinas' Chinatown neighborhood. This represents the final funding needed to begin construction on 21 Soledad which furthers the City of Salinas' vision to revitalize a currently underutilized site and is the result of a highly collaborative public/private effort. Some project details include:

• 90 units for very low-income individuals to be developed by MidPen Housing; 40 units will be set-aside for high-need populations including the homeless
• Ground floor will include retail space, art studios, an art gallery and parking
• $2.5 million has been committed by the Central California Alliance for Health, the County's Medi-Cal managed care provider, in exchange for 20 units set aside for high utilizers of the health care system
• This unique partnership and development model creates a new best practice in combination of health and housing

For more information, contact Community Development Director Megan Hunter, 831-758-7387 or [email protected]