HSU Releases Term Sheet for ‘Village’ Student Housing Project
This is a press release from Humboldt State University:
The City of Arcata requested that Humboldt State provide the contract that it has been negotiating with AMCAL/Coleraine (AMCAL) that would allow the university to manage the Village, a proposed new student housing community.
While the contract has yet to be finalized and cannot yet be released publicly, the University has provided the city with a “term sheet”, a summary of the tentative contract’s main points upon approval of the project by the City of Arcata. The contract will be publicly released when it’s finalized.
Attached below is the term sheet that was provided to the city.
If approved by the City of Arcata, the Village project will provide affordable housing and reduce the impacts of homelessness among HSU students. The University began actively working with AMCAL to develop a partnership in May, after the developer made significant modifications to its original proposal based on community and student feedback. Read more about the Village here.AMCAL HSU Agreement Terms