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Around SLO CIty: Affordable Apts / French Hospital Expansion

December 17,2014

South Street Family Apartments Move Forward

Screen Shot 2014-12-15 at 5.09.53 PMOn December 4th, South Street Family Apartments LLP – closed escrow on property located at 313 South Street for the development of a 43 unit multi- family rental apartment project. The project is 100% affordable to extremely-low, very-low and low income households earning 30% to 60% of the Area Median Income (AMI). Consistent with City goals, the project provides much needed affordable housing within close proximity to downtown.
A city of SLO note says “this project has a very complex financing package including federal, state and local funding sources. The City provided a loan in the amount of $650,000 from the Affordable Housing Fund and a development impact fee deferral loan in the amount of $716,166.”

The project has received a building permit and construction is slated to begin in spring 2015.

Panel Reviews French Hospital Campus Expansion

Earlier this month and in previous meetings the city Architectural Review Committee approved plans for  a total of four new buildings on the French Hospital campus. The latest is  a four-story, 31,471 square-foot office building with two-level parking garage on the south side of the main hospital building on the French Hospital campus located near the intersection of Johnson Avenue and Lizzie Street.
Already under construction is the so called Pavilion Building on the north side of the campus with 17,591sf.A second approved building was an urgent care clinic that will be a freestanding structure in the front parking lot and will contain 5,450 square-foot of floor area. It will be located just to the south of the existing hospital’s main entry, but construction has not begun on it yet.
In conjunction with the proposed 31,471sf office building, a two-level parking garage with a total of 112 spaces is proposed. The garage will be located directly to the west of the office building.

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