Marina Towers Annex Senior Housing Rehabilitation and Refinancing
Summary
The city approved a subordination agreement enabling a $5.1 million renovation of the 57-unit Marina Towers Annex for low-income seniors. Tenants will receive upgraded facilities, modernized elevators, and fully covered temporary housing during construction.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jan 13, 2026.
Impact analysis
No fiscal impact to the City's General Fund, as all previous city loans have been fully repaid.
Low-income seniors living at Marina Towers Annex who will receive modernized apartments, improved safety features, and a fully renovated building.
None identified, as temporary relocation costs are fully covered and disruptions will be phased.
Mentions & discussions (2)
City Council - Jan 13, 2026
The city approved a subordination agreement enabling a $5.1 million renovation of the 57-unit Marina Towers Annex for low-income seniors. Tenants will receive upgraded facilities, modernized elevators, and fully covered temporary housing during construction.
Housing Authority - Jan 13, 2026
Marina Towers Annex, a 57-unit affordable senior housing complex, is getting a $5.1 million makeover. The project will overhaul major systems like HVAC, roofs, and elevators, and upgrade apartments while keeping rents affordable for low-income seniors.
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