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Conversation about: Hotel Berry renovation to start next month
As a point of clarification, the funds used by SHRA are housing set-aside funds that must be spent on affordable housing. It's a common misconception that housing set-aside funds generated from redevelopment project areas can be spent on City general fund activities such as police, fire. schools and parks. These funds can not be used for those purposes. Additionally, the renovation budget is consistent with urban infill rehab costs for buildings of this age with substantive deferred maintenance that require seismic upgrades.This project will transform a dilapidated building into a safe, high quality, affordable place to live in the downtown. One of the main purposes of redevelopment is to remove blight and provide affordable housing to all income levels. The Hotel Berry project will achieve this purpose even in a down market. Bravo to SHRA for making this deserving project happen!