Additional funding sources

Measure W Community Housing Funds

The Measure W Community Housing Fund is a local source of funding collected through an additional transient occupancy tax (TOT) on short-term rentals in the Measure W Tax Area in West Marin. The funds support projects that serve the Measure W Tax Area. Funding is available for a wide range of projects, as detailed in the Measure W Community Funding Priorities and Guidelines. Applications are accepted on a rolling basis.

California Low-Income Housing Tax Credits (LIHTC)

Marin County is in the Northern California Region with Butte, Napa, Shasta, Solano, and Sonoma Counties.

City Housing Funds

In addition to the Countywide funding sources discussed above, the cities of Novato, San Rafael, and Tiburon are housing successor agencies and may have affordable housing funds available from their former redevelopment agencies.

Several cities have also adopted in-lieu fees to fund affordable housing. Each city has different requirements and may include fees on new commercial development and/or on new residential development.

The City Council allocates these funds in each jurisdiction based on recommendations from their Community Development staff. 

Fee waivers from local jurisdictions may also be available.

Foundations

The Marin Community Foundation (“MCF”) provides loans to projects that enhance the community’s quality of life, including the development, rehabilitation, or preservation of affordable housing. 

Funding opportunities may also be available through The West Marin Fund and The Tamalpais-Pacific Foundation. 

Golden State Acquisition Fund

The Golden State Acquisition Fund (GSAF) is a $93 million flexible, low-cost financing program aimed at supporting the creation and preservation of affordable housing throughout the State of California. Financing is available through lending partners for rental housing and homeownership opportunities in urban and rural communities.

Housing Accelerator Fund

The Preservation Acquisition and Rehabilitation Bridge Loan product is expanding geography and now serves the broader San Francisco Bay Area. Eligible projects include existing residential or mixed-use buildings with a minimum of 3 units. Eligible uses include acquisition, predevelopment, rehabilitation and, as applicable, construction of accessory dwelling units (ADUs). Rehabilitation of ground floor commercial space may also be considered an eligible use.

Kaiser Housing for Health Fund

Acquisition and preservation of existing affordable rental housing, and prevention of residents’ displacement. Administered by the Enterprise Community Loan Fund, one of the largest nonprofit community development financial institutions in the country.

Priority Development Area Funding Sources

The Bay Area Preservation Pilot Fund (BAPP) is one of Metropolitan Transportation Commission’s two regional housing finance programs focused on the preservation of affordable housing.

Bay Area Transit-Oriented Affordable Housing (TOAH) Fund: Predevelopment Loan and Acquisition Loan. Funding to support Multifamily properties that are located within the nine-county Bay Area and a “Priority Development Area”, as defined by the Bay Area Metropolitan Transportation Commission, or a "Transit Priority Area”, as defined in the California Public Resources Code §21155(b)(3).