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City Council to Consider Five-Year Extensions for Low and Moderate Income Housing Project Initiation

Source: San Ramon Patch

On Tuesday, City Council members will decide whether to allow for time extensions of five years for the San Ramon Redevelopment Agency to initiate low- and moderate-income housing development projects at 2231 and 2239 Omega Road.

The Redevelopment Agency acquired the two parcels, which make up its Crow Canyon Catalyst Site, in 2005 using Housing Fund monies. The agency is required to initiate development activities on properties obtained with those funds within five years.