Affordable Housing Funds for Stinson Beach Property

Board of Supervisors

Meeting Date: 12/3/2019

Preview

The Board will hear a request from the Community Development Agency to grant $250,000 from the Marin County Affordable Housing Fund to the Bolinas Community Land Trust, on behalf of the Stinson Beach Affordable Housing Committee, for the acquisition of a property with five homes for conversion to permanently affordable housing at 3755 Shoreline Highway, Stinson Beach. The units will provide affordable workforce housing for households in the extremely low and low income levels. There are two lots, one vacant and one with a five-unit, fully occupied building on it. Staff recommends that the Board approve the grant, authorize the Board President (pending County Counsel approval) to execute a regulatory agreement, a grant agreement, and related documents that may be required by other sources of financing for this project; and approve related budget adjustments.

Review

The Board approved the grant.

Need more info? See the staff report and news release about the affordable housing funding for a Stinson Beach property.

Contact: Leelee Thomas, Planning Manager, Community Development Agency

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