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Title:
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REPORT - REVISION TO PRIOR AWARD RESOLUTION CLARIFYING LOAN SECURITY FOR ZANE-WOLFF VETERANS VILLAGE
BACKGROUND: Zane-Wolff Veterans Village (Project) is an affordable housing development consisting of 14 single-family dwellings of approximately 250 square feet commonly known as “tiny homes.” The developer of the Project is Community Housing Sonoma County (CHSC). Through the Fiscal Year 2025-2026 Notice of Funding Availability (NOFA), CHSC received a conditional commitment of $489,228 in local funds for rehabilitation-related costs for the Project under Resolution 2025-014. The resolution states that the $489,228 loan will be secured by a Deed of Trust, which is part of the standard loan documents used by the Housing Authority for loans to developers. However, CHSC cannot enter into a traditional Deed of Trust for the Project because CHSC does not own the land on which the Project is built. CHSC has a leasehold interest in the real property, which is owned by the County of Sonoma. Th...
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Indexes:
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Exempt Project, Not a Project
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Code sections:
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15061(b)(3) - General Rule Exemption, 15378 - Not a Project
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