High PriorityDevelopmentopen
Magnolia Ridge Mobile Home Park Preservation
Summary
The council approved tax-exempt bond financing to allow Augusta Communities nonprofit to acquire and preserve the 48-unit Magnolia Ridge mobile home park as income-restricted affordable housing.
At a glance
- Total mentions
- 0
- Last 30 days
- 0
Impact analysis
💰Financial impact
Results in a minor annual property tax reduction of approximately $2,500 due to welfare exemption eligibility.
✅Who benefits
Low-income mobile home residents facing potential displacement and rent escalation.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Fullerton
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.