Housing Trust Fund establishment
Summary
A state settlement requires Hollister to set up a housing trust fund with $300,000 from the general fund. Funds will go toward rehabilitating existing affordable housing for extremely low, very low, and low-income households.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 29, 2026.
Impact analysis
$300,000 transferred from the general fund to the housing revolving loan fund after HCD certification.
Extremely low, very low, and low-income residents needing rehabilitated affordable housing.
Developers and landlords could face more red tape and costs, and taxpayers may foot the bill if the city pays a penalty.
Mentions & discussions (3)
City Council - Special Meeting
The state housing department required the city to switch its grant signer from the Development Services Director to the Mayor or designee — no change to housing funding, just administrative housekeeping.
City Council - Special Meeting
A state settlement requires Hollister to set up a housing trust fund with $300,000 from the general fund. Funds will go toward rehabilitating existing affordable housing for extremely low, very low, and low-income households.
California, Hollister reach settlement over low-income housing compliance
California, Hollister reach settlement over low-income housing compliance KSBW
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