This Housing Plan Rejection included 2 developments for low income housing for Seniors and it was rejected as it did not provide low income housing for ALL CLASS of Citizens, as was noted at the Oct 26, 2006 City Council Meeting. So there seems to be a conflict in the use of funds, putting GT at Risk of defaulting the contributions from the State Redevelopment Funds for Housing, and causing the Citizens to be burdened with ALL the Debt Load should the State Funds be Required to be Refunded.
Also note only 11% of funds for low housing can be spent on Senior Exclusive Housing. SO if 9 Million is spent for Seniors only housing there has to be a matching 91 milion spent on Low Income Housing for all other groups of citiznes in Grand Terrace:
Perhaps this is why the details of the Deal are not widely known or explained to the Public.
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