Housing Trust Fund Use for Fairfax Project

Board of Supervisors

Meeting Date: 6/12/2018

Preview

The Board will hear a request from the Community Development Agency to approve a $1.5 million grant and $1.1 million loan the Marin County In-Lieu Housing Trust Fund to Resource for Community Development (RCD) for the acquisition of the property at 2626 Sir Francis Drake Boulevard in Fairfax for permanently affordable rental housing. The project, called Victory Village, is to be constructed on the current site of the Christ Lutheran Church, which has agreed to sell the property. The grant and loan would help close a project funding gap. The assistance aligns well with County goals to create and preserve more affordable housing in Marin.

Review

The Board approved the grant and loan from the Housing Trust Fund.

Need more info? See the staff report about the Housing Trust Fund assistance to the Victory Village housing project.

Contact: Leelee Thomas, Housing Planning Manager, Community Development Agency

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