A decade after its decommissioning, the former United States Coast Guard site in Point Reyes Station is one step closer to becoming affordable housing.
On Tuesday, the Marin County Board of Supervisors approved a $9.5 million loan to the Community Land Trust Association of West Marin, providing a critical share of the estimated $55 million needed to transform the property into 54 below-market rental units.
Around $4.5 million of the funding comes from the…