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Trust established to help fund affordable housing on Central Coast

Published Wednesday July 13

Marina >> Seeking solutions to the regional housing crunch, a nonprofit and a trust have joined forces to foster the development of affordable housing in the region.

The Monterey Bay Economic Partnership has teamed up with the Housing Trust of Silicon Valley to establish the Monterey Bay Housing Trust as a $10 mill. loan fund for the development of affordable housing projects in Monterey, San Benito and Santa Cruz counties.

“We feel it is absolutely critical to bring resources into our region that could improve the supply of available housing,” stated Bud Colligan, co-chair of the Monterey Bay Economic Partnership in a press release.

Article length: About 310 words.
Tags: Santa Cruz
Read more at Santacruzsentinel

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