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Novato council approves lease rider to help Homeward Bound close $3 million state construction loan for 50 supportive housing units
Summary
The council adopted a resolution authorizing a lease rider to amend the 2020 ground lease with Homeward Bound for the HUD parcel at Hamilton Field, enabling the nonprofit to obtain a $3,000,000 construction‑financing loan from the California Department of Housing and Community Development; approval was unanimous among members present and remains subject to final review by the city manager and city attorney.
The Novato City Council voted on March 10 to adopt a resolution approving a lease rider that amends the 2020 ground lease between the city and Homeward Bound of Marin for the HUD parcel at Hamilton Field (APN 157‑970‑07). Councilmembers said the rider will allow Homeward Bound to close a $3,000,000 construction‑financing loan from the California Department of Housing and Community Development (HCD).
City staff framed the rider as a narrowly tailored amendment that does not rewrite the original ground lease but enables the…
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