Summary
The council approved tax-exempt bond financing vehicles for two affordable housing projects — up to $60 million for 600 North Rosemead and up to $220 million for Colorado Crest — with no city repayment obligation.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 18, 2026.
Impact analysis
No cost or obligation to the city; financing is private.
Future residents of the two affordable housing projects.
Renters, potential first-time homebuyers, and anyone looking for more affordable housing options in Pasadena.
Mentions & discussions (2)
City Council Meeting: (Audio Description) - May 18, 2026
The council approved tax-exempt bond financing vehicles for two affordable housing projects — up to $60 million for 600 North Rosemead and up to $220 million for Colorado Crest — with no city repayment obligation.
A rich NIMBY city brought out the big political guns to avoid new housing. Did it work?
A rich NIMBY city brought out the big political guns to avoid new housing. Did it work? San Francisco Chronicle
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