The Monterey and Madrone apartments is a 100 percent affordable housing development project and is processing under SB330 and State Density Bonus laws. The project would be comprised of 249 multi-family units, 246 deed-restricted units (very low and low income) and three manager units. The new development will include active and passive open space amenities and a centrally located clubhouse. The project would require approval of a Design Review Permit and environmental review.
SB330 is a new law that went into effect in 2020 and provides eligible housing development projects enhanced streamlining. The State Density Bonus law provides for increased density of projects depending on the number and affordability level of housing units. As with all projects that process under State Density Bonus laws, concessions and waivers to code requirements are included as part of a project entitlement. The project is finalizing their concession and waiver requests and those will be coming to City Council (on consent) at a future meeting.
The project site is approximately 7.5 acres. The site is located along Monterey Road at Madrone Parkway, the site of the California Tow and Salvage. The land use of the site is Residential Attached Low (6-16 du/ac) and Mixed Use Flex (7-24 du/ac) and the zoning is Residential Attached Low (RAL) and Residential Mixed Use Flex (MU-F).
To sign up for notifications and updates to this project, please select the Notify Me link: Notify Me (html)