Jan 27, 2025
A brief discussion of a new 140-bed senior housing facility is expected to be part of the agenda at Tuesday’s Santa Clarita City Council meeting.  The facility is part of the developments the city approved for Sand Canyon Plaza in 2017, according to Amy Seyerle with the city’s Administrative Services Department. The plaza is located near the intersection of Sand and Soledad canyon roads.  The total in California bonds sought by the developer, ISF Ativo Holdings, is $130 million, Seyerle stated. “In addition to that, they are seeking $170 million in bonds from an Arizona-based agency, anticipating using $20 million for the Santa Clarita project.”  The total funding for the Santa Clarita project is $150 million, adding the other funding is for “other simultaneous projects they have” in Arizona.  The project is on the council’s agenda because the city is the local governmental authority in the area where the project will be built, Seyerle said.  The discussion item up for a public hearing is essentially a formality for the city, she said, as the city is not liable for the bond financing, but the developer is required to pay a small community benefit fee back to the state’s bond financing oversight agency, which reimburses the city for any administrative costs with respect to the issuance of bonds.  Sand Canyon Plaza has seen significant activity in recent months, with a builder announcing homes to hit the market that will be built by the end of this year.  Pelona Hills at Sand Canyon will be a multi-entity partnership with Intracorp and Resmark taking the lead on the first phase, comprising 119 detached single-family homes, Paige Nelson, a spokeswoman for Intracorp, said in a phone interview Jan. 16.   The post Senior homes part of council discussion Tuesday   appeared first on Santa Clarita Valley Signal. ...read more read less
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