Marin County has approved a $2.4 million addition to its Affordable Housing Trust Fund, bringing the fund’s uncommitted balance to over $10 million. As reported by Keri Brenner in the Marin Independent Journal, this infusion of funds underscores the county’s ongoing efforts to address escalating housing needs.

The contribution comes from surplus funds in the county’s 2023-2024 budget and is intended to support upcoming affordable housing projects, though specific allocations will depend on applications and project readiness.

Brenner writes:
“Marin County supervisors have earmarked more than $2.4 million to the county’s affordable housing trust fund. The deposit — excess funds from the county’s 2023-24 budget — boosted the fund’s uncommitted balance to $10.1 million.”

This funding supports a range of projects aimed at expanding affordable housing opportunities, with a focus on developments that can serve lower-income families, seniors, and other underserved populations. While it is not a permanent solution to the region’s housing crisis, this kind of strategic reinvestment reflects the principles of community land trusts: securing housing affordability through intentional public stewardship of land and resources.

Article:
Marin Adds $2.4M to Affordable Housing Fund
https://www.marinij.com/2025/03/16/marin-adds-2-4m-to-affordable-housing-fund/