Summary
The Council approved conduit financing of up to $42 million in tax-exempt bonds for the Calypso affordable rental housing project in District 4.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 17, 2026.
Impact analysis
No city funds committed; conduit financing of up to $42 million.
Future residents of the Calypso affordable rental housing project.
No groups negatively affected
Mentions & discussions (4)
Planning Commission — September 17, 2026
An 8-story, 102-unit building where every unit is affordable, plus ground-floor commercial space tied to the 201 Front Street redevelopment. This is a major addition to downtown affordable housing stock.
City Council — August 11, 2026
Council approved up to $75 million in tax-exempt bonds for the Calypso affordable rental project in District 4.
City Council — March 24, 2026
The Council approved conduit financing of up to $42 million in tax-exempt bonds for the Calypso affordable rental housing project in District 4.
Santa Cruz holds affordable housing groundbreaking
Santa Cruz holds affordable housing groundbreaking KSBW
Related development
405-417 Pacific Avenue (CP26-0076)
102 affordable units downtown with ground-floor commercial; the lower ceiling may limit which businesses can occupy the commercial space, and nearby 401 Pacific residents worry about construction and safety impacts.
900 High Street Major Modification and Density Bonus (CP25-0105)
Adds 47 units including four very-low-income studios, four moderate-income studios, and ten affordable co-living bedrooms on a hillside site above the West Side, with neighbors worried about traffic, parking, and karst/spring impacts.
Calypso Affordable Housing Project Conduit Financing
Financing support for a new affordable rental housing project in District 4.
Temporary and Affordable Housing Overlay District
Makes it easier to site temporary and affordable housing across the city, including in industrial zones with a coastal permit path.
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