High PriorityDevelopmentopen
Affordable Housing and Development Loan for Campbell Cove
Summary
The city is backing a 240-unit affordable housing complex on Beach Boulevard with a $5 million low-interest loan, ensuring all units remain affordable for households at or below 60% of the area median income.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Mar 17, 2026.
Impact analysis
💰Financial impact
A $5 million low-interest loan with annual audits and excess distribution clawbacks to reduce the principal balance.
✅Who benefits
Low- and moderate-income residents, workforce employees such as teachers and healthcare workers, and the developer.
Mentions & discussions (1)
Related development
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