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Carlsbad housing trust fund reports $10.1 million available; Vista Azul, Marsha Acres highlighted
Summary
City staff reported on the FY23–24 Housing Trust Fund, noting completed projects, retained payments, and delays on West Oaks and La Posada tied to sewer capacity and a state loan consent requirement.
The Carlsbad Housing Commission on March 13 reviewed the fiscal year 2023–24 Housing Trust Fund annual report and recommended that City Council accept the report, which staff said showed an available fund balance of roughly $10.1 million after existing commitments.
Mandy Mills, director of Housing and Homeless Services, summarized the fund’s activity and projects. She said the Aviara Apartments project — now called Vista Azul — completed construction and is fully occupied; the city recorded just under $21,000 in expenditures for the project in the reported fiscal year because most commitments posted in a prior year. Mills said a retention payment of about $310,000 will appear in next year’s report…
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