Our Vision Marin will be a more economically vibrant, environmentally sustainable & socially balanced community when those who work here can live here.
Warner Creek Senior Housing
Warner Creek Senior Housing
MWHT extended funding for predevelopment expenses to Eden Housing for the construction of Warner Creek Senior Housing in Novato, providing 60 apartments for low-income adults 62 and older and one manager's unit. The Trust's financing of this project affirms its commitment to older adults, a vital component of the workforce in Marin.
- Developer
- Eden Housing
Pre-development loan
283,210
283,210
Leveraged
23,400,000
23,400,000
Home for 60 or more adults
60 apartments
serving VERY low income-
50% or less AMI
In this challenging economy, low income seniors are among the hardest hit. Creating affordable senior housing in Marin is a growing need for a population that is aging and wishes to remain in the County.
Shelter Hill Mill Valley
Shelter Hill Mill Valley
MWHT provided predevelopment funds to EAH Housing for the rehabilitation and preservation of Shelter Hill, 75 apartments in Mill Valley. The rehabilitation will ensure that Shelter Hill will remain affordable to low income families for generations to come. EAH is making substantial improvements to the property that will improve its energy efficiency as well as the quality of life of the current residents.
- Developer
- EAH Housing
Pre-development loan
231,593
231,593
Leveraged
22,000,000
22,000,000
Homes for 151 People
41 apartments
extremely low income-30% or less AMI
10 apartments
very low income-50% or less AMI
5 apartments
low income-60% or less AMI
Predevelopment funds from Marin Workforce Housing Trust provided an integral part of the overall financing plan that will allow EAH Housing to make substantial investments in energy efficiency as well as improve the quality of life for the existing residents.