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Caltrans Holds Hearing Monday on Selling Surplus Pasadena Homes in 710 Corridor

Published on Sunday, April 19, 2015 | 3:33 am
 
In the first phase of sales, a number of Pasadena and South Pasadena homes will be sold.

Caltrans will host a public meeting Monday to get input on how it should go about selling surplus homes along the 710 Freeway corridor in Pasadena and South Pasadena, focusing on a new set of proposed regulations after the public reacted critically to its earlier guidelines.

The input will be used to finalize regulations governing the sale of 460 properties related to SR 710 projects in Pasadena, South Pasadena and El Sereno. These will be offered for sale in phases according to when they are declared surplus and consistent with state law.

53 local properties will be sold in the first phase of sales – nine homes in Pasadena, 38 in South Pasadena and six in Los Angeles.

Caltrans withdrew its original set of May 30, 2014 proposed surplus home sales regulations after the public reacted critically. The new regulations being discussed Monday are a draft set resubmitted for public scrutiny.

Key changes to the new proposed regulations in response to earlier public feedback include:

• A new mechanism to expand opportunities for affordable buyers to gain equity, replacing a 30-year Director Deed restriction.
• Increased potential opportunities to purchase property for current tenants who are not eligible for priority as affordable buyers.
• Increased potential opportunities for current tenants to remain in their residences even if they do not purchase the property.

The public meeting on Monday will be held at the Pasadena Convention Center in the Conference Center on the Lower Level in Room 107, 300 East Green Street, Pasadena, from 6 p.m. to 8 p.m. (doors open at 5:45 pm). Parking at the Center costs Parking $10.

For further information about the proposed regulations, please visit the Caltrans website (www.dot.ca.gov/regulations.htm), call Caltrans at (916.654.4790), or e-mail Caltrans at (Affordable_Sales_Program@dot.ca.gov)

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