The project team is hoping to lock down the fifth and final tall building slot allowed downtown.
Housing Trust Fund
The Housing Trust Fund is the money the city uses to build and support affordable housing projects in Berkeley. The money can be leveraged 4-to-1 to seek outside funding. Money generally comes into the fund when developers choose not to include affordable units within their projects, or who do not include the full number of those units. Rather than building on site, they can pay a fee into the city’s Trust Fund instead.
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Developer proposes 17-story apartment building across from UC Berkeley
If past attempts to raise tall apartment buildings in downtown Berkeley are any indication, the plans could prove contentious.
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UC Berkeley will explore moving 8-unit rent-controlled building as part of $82.6M settlement
The university will also pay $920,000 into the city’s Housing Trust Fund as recompense for the structure.
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Berkeley wins $42 million in grants for 150 units of affordable housing
Mayor Jesse Arreguín said it’s the largest amount he could recall Berkeley ever having gotten from the state for affordable housing over his 16 years serving the city.
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Berkeley’s most ambitious homeless housing project ever breaks ground
The project also includes 89 units of affordable housing, at 50%-60% of the area median income, that will be available to the general public on a lottery basis. It is slated to open in 2022.
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Downtown Berkeley Harold Way deal for 18 stories, 300 units is officially over
The city has decided not to grant developer Hill Street Realty more time to secure financing for the 18-story Berkeley Plaza project on Harold Way.
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Downtown Berkeley’s Harold Way saga ain’t over yet
Efforts are afoot at City Hall to see if the 18-story, $150 million mixed-use housing complex planned on Harold Way may still, in fact, be viable — even though the developer told the city that he had scrapped the plans.
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Developer suddenly pulls the plug on 18-story Harold Way complex in Berkeley
The developer behind an 18-story, nearly 300-unit project on Harold Way has scrapped those plans, putting an end to one of the biggest development battles Berkeley has seen in recent years.
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Downtown Berkeley high-rise Harold Way submits building permit application
On Monday, four years after the Berkeley City Council approved plans for a new high-rise on Harold Way, the project team submitted its building permit application to the city of Berkeley.
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101 units at San Pablo, Hearst approved at former Berkeley Midas site
A six-story, 101-unit project proposed in Berkeley at San Pablo and Hearst avenues won near-unanimous approval Thursday night from the zoning board.
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Downtown Berkeley’s Logan Park wins zoning board approval Thursday night
Logan Park, an eight-story, 204-unit mixed-use housing project slated for downtown Berkeley, is one step closer to breaking ground after the zoning board approved its use permit Thursday night.
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Housing pipeline: As built units and affordable ones grow, more work remains
Since 2014, there have been 1,022 housing units built, across 17 projects, according to the latest “housing pipeline” report issued by the city. About 842 units, in 15 projects, are expected to be done by 2020.