City Council Special Meeting - July 15, 2026

The City Council of Laguna Beach held a special meeting on July 15, 2026, primarily to consider a funding commitment for a 29-unit affordable housing project at 340 Saint Anne's Drive. The council reviewed a detailed staff presentation outlining the project's background, funding needs, and compliance with state housing laws. The developer requested approximately $8.25 million in funding, which was negotiated down to a recommended $6.71 million package including a $2.5 million state grant, a $2.5 million city match from housing funds, fee waivers, and a reduced city gap loan. Public comments reflected both support and opposition, with concerns about fiscal responsibility, legal obligations, and historic preservation. The council discussed the project's benefits, legal risks of non-compliance with state mandates, and community impact. After reviewing proposed amendments to the funding commitment letter, the council unanimously approved the resolution to authorize the funding commitment and related loan documents, enabling the project to proceed toward construction pending tax credit awards and final agreements.