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Housing Authority closes out Cannery at Railroad Square project, authorizes retention payment
Summary
The Housing Authority of the City of Santa Rosa voted unanimously (6–0, one absent) to acknowledge completion of the 129‑unit Cannery at Railroad Square and to release a retention payment to the developer as staff confirmed units are already being leased.
The Housing Authority of the City of Santa Rosa on March 24 voted to acknowledge completion of the Cannery at Railroad Square, a 129‑unit rental housing project at 3 West Third Street, and to allow staff to close out the loan and issue a retention payment to the developer.
The resolution acknowledged project completion and authorizes release of the retention payment that had been held under the Housing Authority line of financing. Housing Authority staff told commissioners that tenants have already started moving into the property and that the action is…
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