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Calistoga approves $400,000 housing loan to convert four units at 1405 Cedar Street to deed-restricted housing
Summary
The council approved a 10-year, $400,000 loan from the Affordable Housing Fund to support purchase and conversion of a four-unit property at 1405 Cedar Street to deed-restricted affordable units, with the mayor recused from the item due to a family conflict.
With Mayor Williams recused and temporarily out of the chambers, Calistoga’s City Council voted to provide a 10-year loan of $400,000 from the city’s Affordable Housing Fund to assist the Napa Valley Community Foundation and Burbank Housing in converting four market-rate rental units at 1405 Cedar Street into deed-restricted affordable housing.
Planning staff explained the Foundation received the property as a donation in February…
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