The Marin County Board of Supervisors is considering a $5.2 million loan to support an 80-unit Habitat for Humanity housing project in north Novato, the County announced last week.
Located at 8161 Redwood Blvd., the development would include 60 homes designated for low-income families, officials said.
The proposed loan would help cover predevelopment and construction costs for the $84 million project, the press release noted.
The site sits near the SMART rail station at San Marin Drive and within a few miles of downtown Novato.
Sales prices for the homes are expected to range from $467,000 to $690,000. All units will be distributed through a lottery system, with Habitat for Humanity providing financial counseling and home maintenance training to qualifying families.
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