Burbank Housing, a nonprofit and Sonoma County’s largest affordable housing developer, has signed an agreement with the City of Healdsburg to oversee day-to-day operations and renovation of eight multifamily units the city has acquired.
In announcing the agreement, Burbank Housing stated Healdsburg closed on the property at 721-723 Center Street on Monday.
The two bedroom units were constructed circa 1956 and are currently rented below market rate, the developer stated. All eight units are currently rented and occupied.
Operating for about four decades, Burbank Housing currently manages approximately 200 affordable units in Healdsburg and has about 150 employees. Under the deal announced Tuesday, the Santa-Rosa based group stated it will lead the rehabilitation, management and maintenance of the property on an on-going basis.
“We are impressed with the city’s commitment to preserve and protect much-needed affordable housing in Healdsburg,” stated CEO Larry Florin, who took over that post in December.
Healdsburg Mayor Shaun McCaffery stated in addition to this recent purchase of property to manage as affordable housing, Healdsburg has worked with affordable housing developers on the design and construction of 66 new affordable rental units, offered assistance to tenants at risk of displacement, and successfully passed a 2% Transient Occupancy Tax increase for the purpose of providing affordable housing services and programs.