Madison Street Affordable Housing Project
Description
The council approved a $1.5 million housing-asset-fund loan to MidPen Housing's 42-unit affordable project behind City Hall, which broke through financing with a $30 million state award and starts construction this fall.
Impact summary
Keeps the long-delayed affordable housing project behind City Hall moving toward construction, though a resident warned MidPen hasn't yet shown secured funding.
Applicant
- Name
- MP Madison Street Associates, L.P. (MidPen Housing)
- Address
- 587 and 593 Van Buren Street; 424 and 450 Madison Street; area behind 546 Dutra Street, Monterey, CA
At a glance
- Hearings
- 2
- Public comments
- 3
- Total mentions
- 2
Last vote · City Council
Discussed at 1 meeting in the last 60 days; most recently Sep 15, 2026.
Meeting timeline (2)
Council Regular Meeting — September 15, 2026
The council approved a $1.5 million housing-asset-fund loan to MidPen Housing's 42-unit affordable project behind City Hall, which broke through financing with a $30 million state award and starts construction this fall.
Council Regular Meeting — April 7, 2026
The council approved the fifth extension of the exclusive negotiating agreement with MidPen Housing to April 12, 2027, with environmental review complete and building permits under review.
Related issues (1)
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