Monte Bella Phase 5B (KB Home) Inclusionary Lottery Complete

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News Date: 
May 29, 2019
Monte Bella Phase 5B (KB Home) Inclusionary Lottery Winners

The City of Salinas CDBG/Housing Subcommittee conducted an Inclusionary Housing Lottery on Tuesday, May 21, 2019.  KB Home (the developer) is in the process of constructing a new 71 unit subdivision called Monte Bella also known as Phase 5B.  As part of the City’s Inclusionary Housing Ordinance (Ordinance No. 2178) requirements, the developer will construct a total of 8 single family detached low-income units.  The three-bedroom Inclusionary units will be priced at $214,500 and the four-bedroom units at $231,720.  The Inclusionary Housing program provides an opportunity for households to be able to purchase a home below the current market rate price.