Body of News Release
Marin County, CA – The Marin County Board of Supervisors is seeking applicants with experience financing and structuring real estate or housing developments to serve on the Marin County Public Financing Authority (MCPFA).
Terms for two MCPFA seats are scheduled to expire at the end of October 2025. To ensure a strong pool of candidates with the right expertise, the Board is accepting applications now. In August, the Board of Supervisors discussed the importance of recruiting members with real estate finance and structuring expertise. All current MCPFA members continue to serve in their existing roles.
The MCPFA, formed in 2023, is the governing board of a joint powers authority created to oversee financing and development of the Oak Hill Workforce Housing Project in unincorporated Larkspur, located between Larkspur Landing and San Quentin Village. The authority has the ability to issue tax-exempt bonds to fund construction and will retain ownership and development rights of the property, a former state-owned parcel identified in 2019 as a potential site to help address Marin’s housing needs.
The Oak Hill Workforce Housing project will provide 135 units for educators and County of Marin employees who qualify based on income. This project is public/private partnership with Educational Housing Partners, College of Marin, Marin Office of Educations, San Rafael City Schools, Novato Unified and the County. Educational Housing Partners is designated to manage construction once the project is fully permitted.
The Board is seeking applicants with:
- a strong background in real estate finance and structuring;
- experience in large-scale real estate financing, acquisitions, underwriting, asset management, and risk management; or
- familiarity with public financing tools and affordable housing development (highly desirable).
Community members who serve on County boards, commissions, or committees may be eligible to receive a $50 stipend for each meeting they attend. The stipend is available to appointed members whose household income falls below the self-sufficiency standard. This effort is designed to make it easier for people of all income levels to participate in local decision-making, to bring more diverse voices to the table, and to support the recruitment and retention of board and commission members.
Applications are available on the County of Marin Boards and Commissions webpage. Completed applications must be submitted by 5 PM Friday, October 31.
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For disability accommodations, please phone (415) 473-7335 (voice), CA Relay 711, or e-mail the Clerk of the Board staff at least five business days in advance of the event. The County will do its best to fulfill requests received with less than five business days’ notice. Copies of documents are available in alternative formats, upon request.