Finance Committee - June 30, 2026

The City of Santa Barbara Finance Committee met on June 30, 2026, to discuss a grant proposal from the local housing trust fund aimed at supporting affordable homeownership. The proposal involves awarding $400,000 to Habitat for Humanity of Southern Santa Barbara County for the rehabilitation and construction of two deed-restricted affordable homes on a single infill site at 710 East Cota Street. The project includes converting a 100-year-old office structure into a two-bedroom home and building an accessory dwelling unit, both intended for very low to moderate-income households. Committee members expressed strong support for the initiative, highlighting its alignment with city housing policies and the leveraging of additional community resources such as donated land, volunteer labor, and philanthropy. The committee planned to approve the grant and budget amendment later that day at the full City Council meeting.