Housing Trust Funds

Along with rent control, inclusionary zoning, and the programs of the Housing Authority, allocation of resources from the Housing Trust Fund is one of the key drivers of preserving housing affordability levels in Santa Monica.

These funds come primarily from redevelopment loan repayments and the stream of ongoing revenue provided by the voter-approved sales tax, Measures GS/GSH.

View the current Housing Trust Fund Plan (effective through 2021). View the current Housing Trust Fund Guidelines (approved by Council in July 2017).

Currently the only applications being accepted for Housing Trust Fund loans are for developments which will serve persons living with disabilities or persons experiencing homelessness.

Pursuant to the adopted Housing Trust Fund Guidelines, the following items shall be posted within one week of becoming public:

  • the current Housing Trust Fund Guidelines; 
  • all documents generated and made public by the City Manager, the Housing Division, the Housing Commission, and the City Council pursuant to the affordable housing planning and reporting process; 
  • written explanation of the City's decisions to approve or deny loan applications; 
  • all loan commitment letters issued; 
  • all notices of the required public meeting following a loan commitment; and all annual reports provided by the Housing Trust Fund recipients. Staff shall ensure that the annual reports posted publicly shall redact any confidential or personal information. 

To receive email notifications when there is an update to this page, please click here, enter your information, and select Housing Commission. Notifications are available in an alternative format if you require a special disability-related accommodation. If that is the case, please contact the Housing Division at (310) 458-8702.

HOUSING TRUST FUND - LOAN COMMITMENTS

City's Decision on Loan Applications

Loan Commitment Letters Issued

Effective Date of Commitment Letter

Notice of Public/Community Meetings

419 and 1616 Ocean Ave

419 and 1616 Ocean Ave

October 10, 2017

November 6, 2017

1820 and 1826 14th St

1820 and 1826 14th St

(Acquisition/Predevelopment)

1820 and 1826 14th St

(Construction/Permanent Loan)

November 9, 2017

 

June 27, 2018

December 4, 2017

January 11, 2018

January 18, 2018

1342 Berkeley St

1342 Berkeley St

November 20, 2017

December 13, 2017

January 16, 2018

 1445-1453 10th St

1445-1453 10th St

(Acquisition/Predevelopment)

1445-1453 10th St

(Construction/Permanent Loan)

August 15, 2018


June 21, 2019

September 5, 2018

November 14, 2018

2621, 2622, 2627 26th St

2621, 2622, 2627 26th St September 25, 2018

Not applicable; loan increase only

2120 Lincoln Blvd

2120 Lincoln Blvd

(Acquisition/Predevelopment)

2120 Lincoln Blvd

(Construction/Permanent Loan)

October 30, 2018


June 28, 2019

November 27, 2018

January 9, 2019

1819 Pico Blvd, 2024 19th St, 2024 18th Court

1819 Pico Blvd, 2024 19th St, 2024 18th Court February 11, 2019

March 12, 2019

May 14, 2019

1834 - 1848 14th Street

1834 - 1848 14th Street April 22, 2019

May 21, 2019

July 16, 2019

1413 Michigan Avenue

1413 Michigan Avenue May9, 2019

June 3, 2019

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