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Manhattan Beach joins South Bay regional housing trust after close debate
Summary
The City Council voted 4–1 on Feb. 17 to join the South Bay Regional Housing Trust JPA, allowing Manhattan Beach a seat at a new regional funding and loan program for affordable housing; staff had recommended opting out until administrative monitoring services are added.
Manhattan Beach’s City Council voted 4–1 on Feb. 17 to join a new South Bay Regional Housing Trust joint powers authority, a regional effort that aims to pool Measure A funds and county matching dollars to lend to affordable housing projects.
City staff recommended the city decline to join now, arguing the trust as drafted did not include affordable housing administration and monitoring services the city expects to need for deed-restricted units. But COG representatives and housing consultants urged the council to take a free seat on the trust board now so the city could influence the trust’s early governance and program design.
“We’re already…
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