Use of Housing Trust Funds for Point Reyes Station Property

Board of Supervisors

Meeting Date: 12/12/2017

Preview

The Board will hear a request from the Community Development Agency to consider a funding request of $110,000 from the Marin County In-Lieu Housing Trust Fund to the Community Land Trust Association of West Marin (CLAM) for the purchase of the property at 31 Giacomini Way, Point Reyes Station. The home would be converted to permanently affordable homeownership and sold to a family with an annual income of no more than 80 percent of the area median income. The purchase would demonstrate the acquisition for the preservation strategy endorsed by the Board during previous workshops on housing affordability. 

Review

The Board approved the funding request from the trust fund.

Need more info? See the staff report about the funding request.

Contact: Leelee Thomas, Senior Planner, Community Development Agency

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