To: Contra Costa County Housing Authority Board of Commissioners
From: Joseph Villarreal, Executive Director
Report Title: RATIFY HACCC’S EXECUTIVE DIRECTOR’S EXECUTION OF PURCHASE AND SALES AGREEMENTS AUTHORIZING THE SALE OF FOUR PARCELS OF LAND IN RICHMOND, LOCATED AT 1710-1714 FIRST STREET, 317/325 SILVER AVENUE, 525 SILVER/1711 GIARAMITA , AND 308, 320,322 MARKET/1748 3RD STREET.
☐Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
RATIFY HACCC’S Executive Director’s execution of Purchase and Sales Agreements authorizing the sale of four parcels of land in Richmond, located at 1710-1714 First St, 317/325 Silver Ave, 525 Silver Ave/1711 Giaramita, and 308, 320,322 Market/1748 3RD St.
BACKGROUND:
The Housing Authority of the County of Contra Costa (HACCC), in collaboration with both the HUD Office of Recapitalization (RECAP) and the HUD Special Application Center (SAC) agreed on a process to demolish and dispose of the Las Deltas Public Housing development through the combined use of Rental Assistance Demonstration Program (RAD) and Section 18 Demolition and Disposition.
HACCC requested, and HUD approved, the removal of the Declarations of Trust on the properties that make up the entire site. In addition, HUD approved the recording of a new Declaration of Restrictive Covenant (DRC) on all the units and parcels at Las Deltas. The DRC required that any scattered sites sold at market rate would need to be substantiated by a certified appraisal and would no longer be subject to the restrictive covenants. The proceeds of the sale would be required to be used for affordable housing purposes. Moreover, HUD has approved the sale of the properties referenced below prior to the sale as required by the DRC.
The sale of Las Deltas was earmarked to give preference to former residents of Las Deltas as the Tier 1 group and residents of or person working in North Richmond as the Tier 2 group. Tier 3 would be members of the general public with a conscious effort to avoid selling the properties to a speculative developer.
This Board approved the sale and disposition of 17 properties at below market rates on September 12, 2023 to four non-profit housing developers who are refurbishing the units and will then sell them to former Las Deltas residents and residents of North Richmond with incomes at or below 80% of the area median income. This was the first phase of the disposition plan for Las Deltas.
The second phase was to sell the remaining 18 parcels at Fair Market Value based on a certified market appraisal. HACCC began this phase in March of 2025. A certified appraiser was hired to complete market appraisals for these properties which HACCC used to begin marketing the parcels to the former residents of Las Deltas before proceeding with members of the North Richmond community. On May 20, 2025, this Board approved the sale of the first scattered site property and authorized the Executive Director to proceed with executing all necessary documents to memorialize the sale of the remaining 17 parcels.
RECOMMENDED ACTION:
Pursuant to the instructions of the Board, the Executive Director of HACCC has proceeded to close on four additional sales and now seeks to have the Board ratify the sales. The four parcels in question are as follows:
Buyer: Julian Castro Cruz
Address of Property: Building 588-589: 1710 - 1714 First Street
APN: 409-200-016-7
Lot Square Footage: 7,500
Closing Date: February 13, 2026
Price: $350,000
Buyer: Alejandro and Claudia Dominguez
Address of Property: Building 592-593: 317/325 Silver Avenue
APN: 409-191-009-3
Lot Square Footage: 10,026
Closing Date: February 9, 2026
Price: $370,000
Buyer: Khanh Keomanee
Address of Property: Building 609-610: 525 Silver /1711 Giaramita
APN: 409-152-007-4
Lot Square Footage: 7,500
Closing Date: January 23, 2026
Price: $340,000
Buyer: Direct Resources Development Enterprise's Limited Liability Company
Address of Property: Building 626-629: 308.320.322 Market /1748 3rd St
APN: 409-191-001-0
Lot Square Footage: 15,214
Closing Date: March 2, 2026
Price: $500,000
HACCC is currently in final stages of closing on two additional transactions. We will bring those to the Board for Ratification at the next meeting along with any other closings that may be completed by then.
FISCAL IMPACT:
HACCC will receive $1,560,000 for the sale of the properties on the four parcels. Closing costs and realtor fees will be paid from these funds.
CONSEQUENCE OF NEGATIVE ACTION:
There are no negative consequences of this action.