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Whats New
CSDC is working with
City of Hollister Redevelopment Agency on an exciting project, called the
Westside and Palm Court Apartments. The tentative site plan
calls for the construction of 22 new apartments on two adjoining lots, just
west of the downtown residential area near Fourth Street and between Line
Street and Westside Boulevard. The apartments will consist
of three and four bedroom units with plenty of outdoor space for tenants to
enjoy. A play area for children will also be incorporated
into the plan. The design
of the exterior of the units will be southwestern style architecture that
emphasizes an attractive but cost-effect design. All units will be affordable
to low-income families.
Keep returning
to this page for updates as the project progresses.
The City of Hollister
Redevelopment Agency (“RDA”) is an important partner in many of our projects.
The RDA has loaned CSDC low interest funds to complete two acquisitions and
rehabilitations of blighted apartment buildings that were converted to low-income
rental units. The RDA plans to gift one of the lots to build the Westside
Apartments, will provide a low interest loan to purchase the Palm Court lot,
and assist in other aspects of the development. CSDC will deed a portion of
Palm Court lot to the City to continue widening Westside Boulevard. The RDA
receives its funding through recapturing a portion of the property tax funds
in the Redevelopment District. Normally, only a small portion of property
tax money comes back to the County, as the lion share funds the State. The
RDA returns more of the local tax revenue for beneficial use in our community.
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