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Rancho Palos Verdes votes to join South Bay Regional Housing Trust to access Measure A funds and revolving loan tools
Summary
Council unanimously directed staff to join the South Bay Regional Housing Trust, a joint powers authority enabled by SB 1444 that uses Measure A dollars to fund affordable housing preservation, loans and programs; staff said initial administrative costs are expected to be covered by Measure A allocations.
Rancho Palos Verdes City Council voted Feb. 3 to join the forming South Bay Regional Housing Trust, a joint powers authority designed to preserve and produce affordable housing across member South Bay cities using Measure A and other regional funding.
Jackie Barrackak, executive director of the South Bay Cities Council of Governments, told the council the trust will have tools beyond grants — such as soft construction and pre‑development loans, preservation purchases, master leasing and home‑buyer assistance — and that loans can be recycled to fund future projects. Barrackak…
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