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Board approves Marin Housing oversight, grants and $500,000 loan to revive below-market triplex at 6956 Sir Francis Drake
Summary
Marin Housing will assume fiscal oversight and provide a $500,000 revocable loan to 2 Valleys Community Land Trust to rehabilitate a formerly unpermitted triplex in Forest Knolls; the board accepted $800,000 in county grants and approved oversight to preserve three permanently below-market one-bedrooms.
The Marin Housing Authority Board on June 17 voted unanimously to accept assigned county grants, provide a $500,000 revocable loan, and assume fiscal and compliance oversight for a rehabilitation project at 6956 Sir Francis Drake Boulevard in Forest Knolls.
2 Valleys Community Land Trust acquired the deteriorated, unpermitted triplex in 2023 and spent more than a year remediating blight and addressing a failed septic system that threatened a nearby creek. Changes to septic and watershed permitting limited the…
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