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Housing Commission recommends City Council accept FY 2024–25 Housing Trust Fund report
Summary
The Carlsbad Housing Commission voted 4–0 to recommend City Council accept the FY 2024–25 Housing Trust Fund annual report after a staff presentation that reviewed recent loans, completed projects and the fund's year‑over‑year balance.
Mandy Mills, director of the Housing and Homeless Services Department, presented the Carlsbad Housing Commission with the Fiscal Year 2024–25 Housing Trust Fund annual report and the commission voted to recommend City Council acceptance.
Mills told the commission the trust fund is required by the Carlsbad Municipal Code and City Council Policy 90 to hold in‑lieu fees from inclusionary housing and to be used for affordable housing in Carlsbad. She highlighted two projects completed during the year: Vista Azul, a 70‑unit affordable project…
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