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Met IIB Workforce Housing Project

Description

The CRA board approved a revised purchase and sale agreement amendment for the sale of CRA land to Pearl Homes' developer, with the CRA picking up 70% of the city impact fees.

Impact summary

Met III gets a committed CRA funding share for impact fees, subject to a written incentive agreement the board will review later.

Applicant

Name: PHBGF Ventures, LLC

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last vote

Approved5–0, unanimous

Last discussed Jun 10, 2026.

Meeting timeline (1)

Jun 10, 2026

Community Redevelopment Agency Board Meeting - Jun 10, 2026

The board authorized a 70% CRA impact fee incentive for Met III (the former shuffleboard courts site), with the city paying 30%; a formal incentive agreement will come back for approval later.

Related issues (1)

CRA Impact Fee Incentives for Met IIB and Met III Workforce Housing

Last discussed Sep 23, 2026

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