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Point Reyes Coast Guard housing review and Oak Hill financial study to return to board
Summary
Staff said the Point Reyes Coast Guard housing project faces on‑site septic and wastewater technical review by North Marin Water District and that the Oak Hill project has a funding gap; a third‑party financial advisor will report back later this summer.
County staff provided updates on two housing efforts on May 21: the former Point Reyes Coast Guard housing project and the Oak Hill housing initiative.
Point Reyes Coast Guard site: staff said the project is proposed to provide 54 affordable rental homes but currently faces a technical challenge concerning on‑site septic and wastewater systems. County staff said the North Marin Water District is reviewing the technical issue and that the developer expects to apply for tax credits in spring 2026. The county said the review should be complete in the spring and staff will return with next steps as the review concludes.
Oak Hill: staff described Oak Hill as an opportunity to expand affordable and workforce housing but noted a funding gap exists. The county engaged a third‑party financial advisor to review program funding streams and the financing gap; staff said findings from that review will be brought back later this summer. Supervisors urged staff to provide underlying financial documents to the public and to give the community sufficient time to review third‑party findings before any public presentation.
Ending: staff committed to returning with more detail on both projects: the technical wastewater review and tax‑credit schedule for Point Reyes, and a third‑party funding analysis and recommendations for Oak Hill later this summer.
