News Release —
Golden Gate Village Phase 2 Financing Set for Public Hearing

Marin County – The Marin County Board of Supervisors will hold a public hearing Tuesday, October 20, 2026, to receive public input and consider the proposed issuance of tax-exempt bonds for the Golden Gate Village revitalization in Marin City. The project is part of a comprehensive effort to preserve long-term affordable housing, improve living conditions, and strengthen housing stability for current and future residents. 

The California Municipal Finance Authority (CMFA) is proposing to issue up to $160 million in tax-exempt bonds to support the project. Marin Housing Authority (MHA), in partnership with developer Burbank Housing, is advancing the revitalization. The Board of Supervisors is holding the hearing to receive public input as required under federal law for the proposed tax-exempt financing.

The County of Marin will not issue the bonds or assume responsibility for their repayment. The proposed financing obligations will remain with the designated project borrower, subject to the final financing agreements.

“I am excited that this long-awaited revitalization has begun,” Supervisor Stephanie Moulton Peters said. “This reinforces our commitment to prevent displacement of current residents and preserve the 100% affordable housing in Marin City and one of our historic sites in the County.”

The public hearing is required under the federal Tax Equity and Fiscal Responsibility Act (TEFRA) as part of the process for issuing tax-exempt bonds. It provides an opportunity for community members to comment on the proposed financing before the applicable governmental approval is considered.

Golden Gate Village, located at 105 Drake Avenue in Marin City, is a historic affordable housing community comprising 296 homes across eight high-rise and 20 low-rise buildings on approximately 30 acres and is home to more than 700 residents. The comprehensive revitalization is intended to preserve the community's long-term affordability and historic character while addressing aging infrastructure, building conditions, accessibility, and residents' quality of life.

Phase 2 will continue the revitalization of Golden Gate Village through improvements to 208 homes and building systems, including updated kitchens and bathrooms, enhanced safety and accessibility features, energy-efficiency upgrades, and improvements to shared and outdoor spaces.

Phase 1 encompasses 88 homes and is underway, with construction and temporary resident relocation activities proceeding in accordance with the project's phased implementation plan.

“Golden Gate Village is more than 296 affordable homes. It is a community shaped by generations of families, shared history, and a deep sense of belonging,” said Dr. Tonia Lediju, CEO/Executive Director of Marin Housing Authority. “Our responsibility is to preserve its historic character and affordability, honor the community that residents have built, and work alongside residents to strengthen the safety, quality, and long-term stability of their homes. Residents, their homes, and the community they have built are at the center of this revitalization”.

“That means honoring our commitments, protecting their ability to return and remain in their community, and ensuring this investment delivers lasting results. Our success will be measured not only by the preservation of Golden Gate Village and the completion of construction, but by the lasting improvements residents experience. Housing is the foundation. Preserving community, strengthening stability, and expanding opportunity for generations to come are the outcomes we are accountable for delivering.”

Key points for the community:

• Resident protections and right to return: Eligible residents will retain the right to return following temporary relocation. MHA and Burbank Housing are committed to implementing relocation protections, communicating directly with affected households, and supporting residents throughout the process.
• Long-term affordability: Golden Gate Village will remain an affordable housing community. Following conversion, resident will continue to contribute 30 percent of their income toward rent and utilities, with protections intended to maintain housing affordability.
• Preservation of historic buildings: The revitalization prioritizes rehabilitation and preservation of Golden Gate Village's existing buildings and historic character rather than demolition and replacement.
• Temporary relocation and resident support: Residents affected by construction will receive relocation assistance consistent with the approved relocation plan, including coordination of temporary housing, communication regarding construction schedules, and support for their return to revitalized homes.
• Equity and housing stability: The revitalization will preserve deeply affordable housing in Marin City while addressing longstanding building conditions and supporting the ability of residents to remain in their community for households earning 30 to 80% of the area median income.
• Resident services and engagement: MHA will continue coordinating with residents, service providers, and development partners to address relocation needs, job training, connect households with available supportive services, and provide opportunities for resident input throughout the revitalization.
• No County bond repayment obligation: The County of Marin will not issue the proposed bonds or assume responsibility for their repayment. Repayment obligations will be governed by the final bond and project financing agreements.

The public hearing will take place in the Board of Supervisors Chamber (Suite 330), Marin County Civic Center, 3501 Civic Center Drive, San Rafael. The hearing will also be broadcast live on Comcast Channel 27, AT&T U-verse Channel 99, and streamed online at marincounty.gov and the Community Media Center of Marin.