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Board approves HUD-funded allocations for 80 affordable units, moves CDBG funds to meet escrow deadlines
Summary
The Board approved staff recommendations to fund two affordable housing projects and allocate prior‑year CDBG to Monterey Family Apartments to allow escrow to close after the project unexpectedly received state tax credits; staff said the 2026 action plan will be finalized April 7 and $119,993 of HOME funds are reserved for CHDO allocation.
The San Luis Obispo County Board of Supervisors on Feb. 3 approved staff recommendations for the Urban County’s 2026 action plan, authorizing funding commitments for two affordable housing projects and a prior‑year CDBG allocation to allow Monterey Family Apartments to close escrow after it received state tax credits.
Marj Castle, program manager for the Department of Social Services’ Homeless Services Division,…
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