Board delays decision on Marigold Villas HOME-program request, seeks more detail
Rural Communities Housing Development Corporation presented Marigold Villas, a 32‑unit affordable project facing a funding gap after lower-than-expected tax‑credit pricing; staff said $303,000 in HOME program income may be eligible but recommended further research and risk analysis before allocation, and the board directed staff to return with options.
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Rural Communities Housing Development Corporation (RCHDC) asked the Mendocino County Board of Supervisors to consider allocating approximately $303,000 of HOME program income to help close a financing gap for Marigold Villas, a 32‑unit affordable housing development slated to begin construction in March 2026.
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