MARIN COUNTY - The Marin Community Foundation will fund $10 million in affordable housing projects over the next five years, it was announced today.
The initiative developed with local affordable housing developers will benefit projects for low-income families, seniors and other individuals in Marin. The project includes zoning-change advocacy, new rental unit construction and conversions of foreclosed homes into affordable housing. The effort will also specifically target agricultural workers, according to the release.
"Despite lowered property values caused by the economic downturn, Marin continues to be one of the most expensive places to live in the country," said foundation President Thomas Peters.
"We want to help make it possible for more residents to be affordably housed and to reduce the negative environmental effects of the current pattern of 'forced' commutes."
Habitat for Humanity, the Greenbelt Alliance, the Non-profit Housing Association of Northern California and Northbay Family Homes will be among the partners working on the project.