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Supervisors approve $100,000‑per‑unit housing trust loan for Habitat’s Redwood Boulevard homeownership project
Summary
The board approved a housing trust loan for Habitat for Humanity’s 80‑unit Redwood Boulevard project in Novato, funding 60 permanently affordable homeownership units and supporting large‑family homes at lower sale prices than local market rates.
The Marin County Board of Supervisors on April 15 approved a staff recommendation to invest up to $100,000 per unit from the county’s housing trust in Habitat for Humanity’s Redwood Boulevard homeownership project in Novato.
The project will build 80 homes; staff said 60 will be deed‑restricted for lower‑income households and 20 for moderate‑income households. County officials said the development will create homeownership opportunities in a county where the median home price exceeds $1.5 million; the…
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