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Board approves nearly $9.5 million in county funds to advance Point Reyes Coast Guard affordable housing project
Summary
The board amended a negotiating agreement and approved $9.3–$9.5 million in county funds to help the Eden/CLAM team compete for state and federal financing to redevelop the former Coast Guard site in Point Reyes Station as 100% affordable housing.
The Marin County Board of Supervisors on March 25 approved an amendment to an exclusive negotiating agreement (ENA) and authorized county funding to help advance long‑planned affordable housing on the former U.S. Coast Guard property in Point Reyes Station.
The board approved a combined county commitment of $9,300,000 (staff recommended $4,400,000 from the county Housing Trust Fund plus a $4,900,000 fronting from Measure W community housing funds, to be repaid to the trust over five years). The funding is intended to make the project competitive for state Joe Serna Farmworker Housing funds and for Low‑Income Housing Tax Credits — the major sources expected to finance the estimated $54.4 million redevelopment.
The county bought the 32‑acre site in 2019 after years of community advocacy; the property includes existing townhomes and barracks that were built for Coast Guard personnel. County staff and the community land…
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