New homes king city ca

(July 14, 2021) -King City, CA-Monterey Bay Economic Partnership and Housing Trust Silicon Valley announced today a $680,000 acquisition loan to Community Housing Improvement Systems & Planning Association Inc. (CHISPA) to purchase property in King City and create 40 affordable homes aimed toward farmworkers in the region.

The property is currently made up of five vacant parcels. On each CHISPA plans to build an eight-unit, two-story apartment building, which will create 97 bedrooms among 40 affordable homes. The units will consist of two-bedroom and three-bedroom apartments and will be reserved for households earning up to 70% area median income (AMI) with average affordability of 50% AMI.

The project was originally planned in 2007, but the developer who owned the property walked away during the Great Recession. CHISPA bought the property from the new owner, who had acquired it out of foreclosure. The location is close to parks, a medical clinic, transit, several schools, a library, and groceries.

“We’re proud to once again be part of an exciting development in Monterey County – four years after this partnership made its first loan to CHISPA,” said Noni Ramos, Chief Executive Officer of Housing Trust Silicon Valley. “There is a great need for affordable homes in Monterey County and we’re thankful for the opportunity to work with CHISPA, MBEP, and other partners to move projects forward quickly.”

“We are very excited to help bring more investment to King City and South Monterey County that will help serve farm worker families who are the backbone of our region’s workforce,” said Kate Roberts, President and CEO of Monterey Bay Economic Partnership. “CHISPA’s future permanently affordable rental housing at Mills Ranch is part of fulfilling the Salinas Valley Farmworker Housing Action Plan’s goal of creating 3,500 new homes over five years.”

About Monterey Bay Housing Trust

Monterey Bay Housing Trust (MBHT) is designed to promote the development of affordable housing throughout Monterey, Santa Cruz, and San Benito counties. The MBHT provides early bridge financing for land acquisition, predevelopment construction or preservation of affordable homes.

About MBEP 

Monterey Bay Economic Partnership (MBEP) is a regional nonprofit, membership organization consisting of public, private and civic entities located throughout the counties of Monterey, San Benito, and Santa Cruz. MBEP’s mission is to improve the economic health and quality of life in the region. www.mbep.biz.

About Housing Trust Silicon Valley

Housing Trust Silicon Valley is a nonprofit community loan fund based in San Jose that works to improve the quality of life of low-income people in the greater Bay Area by increasing affordable housing opportunities. Since 2000, Housing Trust has invested over $335 million in programs that help everyone from those experiencing homelessness to renters to first-time homebuyers – creating over 20,000 affordable housing opportunities serving over 36,700 of our neighbors. It is the first nonprofit Community Development Financial Institution (CDFI) to receive a Standard & Poor’s rating, AA- because of its strong capacity to meet financial commitments. For more information visit www.housingtrustsv.org

About CHISPA

CHISPA develops affordable apartments and single-family homes in Monterey, San Benito, and Santa Cruz Counties. The organization manages affordable apartments and develops affordable homes for sale and lease. CHISPA is a 501(c)(3) California Not for Profit Corporation. For more information visit www.chispahousing.org

Contacts:

Contact: Melanie McNulty * Monterey Bay Economic Partnership * [email protected]

Michael Norris * Housing Trust Silicon Valley * [email protected]

Sours: https://housingtrustsv.org/monterey-bay-housing-trust-funds-40-affordable-homes-for-chispa-king-city-development/

CHISPA receives $680,000 loan for King City housing development

KING CITY — Community Housing Improvement Systems and Planning Association Inc. (CHISPA) has received a $680,000 acquisition loan to purchase property in King City and create 40 affordable homes aimed toward farmworkers in the region.

The funding is being made available through the Monterey Bay Housing Trust (MBHT), a revolving loan fund sponsored by the Monterey Bay Economic Partnership (MBEP) and Housing Trust Silicon Valley. MBHT provides early bridge financing for land acquisition, predevelopment construction or preservation of affordable homes.

“We are very excited to help bring more investment to King City and South Monterey County that will help serve farmworker families who are the backbone of our region’s workforce,” said Kate Roberts, president and CEO of Monterey Bay Economic Partnership. “CHISPA’s future permanently affordable rental housing at Mills Ranch is part of fulfilling the Salinas Valley Farmworker Housing Action Plan’s goal of creating 3,500 new homes over five years.”

The property is currently made up of five vacant parcels. CHISPA plans to build an eight-unit, two-story apartment building on each parcel, which will create 97 bedrooms among 40 affordable homes.

The units will consist of two-bedroom and three-bedroom apartments and will be reserved for households earning up to 70% area median income (AMI) with average affordability of 50% AMI.

The project was originally planned in 2007, but the developer who owned the property walked away during the Great Recession.

CHISPA bought the property, which is close to parks, a medical clinic, transit, several schools, a library and groceries, after a new owner acquired it out of foreclosure.

“We’re proud to once again be part of an exciting development in Monterey County — four years after this partnership made its first loan to CHISPA,” said Noni Ramos, CEO of Housing Trust Silicon Valley. “There is a great need for affordable homes in Monterey County and we’re thankful for the opportunity to work with CHISPA, MBEP and other partners to move projects forward quickly.”

Sours: https://kingcityrustler.com/chispa-receives-680000-loan-for-king-city-housing-development/
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45354 Los Ositos Rd, King City, CA 93930

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45354 Los Ositos Rd, King City, CA 93930View this property at 45354 Los Ositos Rd, King City, CA 93930

45354 Los Ositos RdKing CityCA93930

Full Property Details

Full Property Details for 45354 Los Ositos Rd

General

  • Sold For: $527,500
  • Status: Closed
  • Type: Single Family
  • MLS ID: ML81848147
  • Added: 133 day(s) ago

Interior

  • Rooms/Areas: Laundry Room
  • Fireplace(s): Insert, Living Room, Pellet Stove
  • Flooring: Carpet, Hardwood, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Stall Shower(s) in Master Bath, 1 Shower over Tub

Bedrooms

Other Rooms

  • Family Room: No Family Room
  • Kitchen: Tile Countertop, Dishwasher, Hood over Range, Oven/Range
  • Laundry: Inside

Additional Information

Parking

  • Garage Spaces: 2
  • Parking Features: Attached Garage

Location

  • Area: King City/Pine Canyon
  • County: Monterey
  • Cross Streets: Pine Canyon Road

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Central Air (Forced Air), Fireplace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public Utilities

Structural Information

  • Construction: Detached
  • Foundation: Concrete Perimeter
  • Roof: Tile
  • Square Feet: 1,768
  • Year Built: 1980

Lot Features

  • Lot Size (Acres): 0.2604
  • Minimum Lot Size: 11345
  • Lot Size (Sq. Ft.): 11,345
  • Zoning: R-1

Listed by Remax Property Experts,Sergio Ceja
Sold by M2731,Juan Daniel Escorcia Blancas

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Schools

Schools serving 45354 Los Ositos Rd

School Districts:King City Union, South Monterey County Joint Union High

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales History for 45354 Los Ositos Rd

8/10/2021

Sold

$527,500

10.13%

MLS

6/09/2021

Listed

$479,000

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

45354 Los Ositos Rd, King City, CA 93930 (MLS# ML81848147) is a Single Family property that was sold at $527,500 on August 10, 2021. Want to learn more about 45354 Los Ositos Rd? Do you have questions about finding other Single Family real estate for sale in King City? You can browse all King City real estate or contact a Coldwell Banker agent to request more information.

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93930, King City, CA Real Estate and Homes for Sale

MLS Information

Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright© Bay East© 2021. CCAR© 2021. EBRDI© 2021. All rights reserved. All Rights Reserved.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

Based on information from the MLSListings MLS. Real estate listings held by brokerage firms other than are marked with the Broker Listing Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed. Copyright© 2021 MLSListings, Inc. All Rights Reserved.

Based on information from the Golden Empire MLS, Inc. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including measurements and calculations of area, is obtained from various resources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright© 2021 Bakersfield Association of REALTORS® and Golden Empire MLS. All Rights Reserved.

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Now discussing:

King City

There are 5 new home developments in King City, King, a mix of high-rise and low-rise that are planned, under construction or recently completed. Of these, 1 are condo developments. There are 4 single family home developments in King City, and the median price per square foot for a low-rise home is $501. The most active developer in King City is Acorn Developments.

Find your new construction home in King City by browsing the map, or using the filters above. Filter results based on King City homes for sale or homes for rent; condo, townhome or house building type, number of bedrooms or price. More filters are available on the map. Save your search to receive updates on King City new home inventory that meets your criteria.

Townhouse/House Median
List Price Per Sqft
$501/SqFt
Sours: https://www.buzzbuzzhome.com/us/place/king-city-king-on


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