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Committee approves transfer of loan and PILOT for Monica Place as YWCA takes ownership from Pathstone
5770933 · September 12, 2025
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Summary
The committee authorized the assumption of a loan and PILOT agreement for Monica Place, confirming the YWCA will acquire the property from Pathstone and continue existing operations; the city’s existing loan and pilot will transfer as-is.
The Neighborhood Jobs and Housing Committee authorized the assumption of a loan agreement and payment-in-lieu-of-taxes agreement for Monica Place, a supportive rental community, as the YWCA moves to acquire the property from Pathstone.
Council members sought clarification…
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