A multimillion-dollar funding gap could jeopardize a long-awaited housing and commercial project on Sebastopol Road in Roseland.
The Sonoma County Community Development Commission faces an $18.6 million deficit to cover costs of infrastructure work on a 7.4-acre development known as Tierra de Rosas. That work must be completed before vertical construction can start.
The funding gap has forced county officials and developer MidPen Housing, tasked with building the affordable apartments and overseeing development on the entire site, to scramble to find other solutions.
One proposal hinges on getting buy-in from the California Department of Housing and Community Development to use money allocated for housing construction for the street, water and sewer work.
That approval could “unlock the whole project,” said Ali Gaylord, MidPen’s housing development director.
State officials have yet to respond to the request.
But if it’s denied, the project, which elected officials have been discussing since Sonoma County bought the property in 2011, is likely to see further delay.
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