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Pasadena
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Affordable housing at 434-470 North Lake Avenue

Pasadena

Summary

The city spent $12 million to buy this former Kaiser site and is now negotiating exclusively with a development team for 100%-affordable housing plus mental health services. Madison wanted the site re-marketed without the county mental health component, arguing taxpayers could get more value.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jan 13, 2026.

Impact analysis

💰Financial impact

The city already spent $12 million from reserves on the land; the ENA itself commits no construction dollars yet.

✅Who benefits

Future affordable housing residents and District 5 neighbors seeking mental health services nearby.

⚠️Who could be affected

Taxpayers if the negotiated project returns less value than the $12 million invested, per the dissent.

Mentions & discussions (1)

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