Politics & Government
Santa Cruz County Scores Financing For Veterans Village Housing
Veterans Village will redevelop the former Jaye's Timberlane Resort into supportive housing for local veterans and their families.
SANTA CRUZ, CA — Santa Cruz County has secured additional financing to complete Veterans Village of Santa Cruz County, a 20-unit permanent supportive housing community for veterans and their families in Ben Lomond, county officials announced.
The project received about $13.3 million in federal low-income housing tax credits over 10 years from the California Tax Credit Allocation Committee, along with approval for tax-exempt bond financing through the California Debt Limit Allocation Committee.
Veterans Village will redevelop the former Jaye's Timberlane Resort at 8705 Highway 9 into supportive housing for local veterans and their families, according to the county.
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The project includes renovation of 10 existing cabins and a main house, plus construction of 10 modular one-bedroom units. Additional improvements will include office and laundry facilities and an on-site property manager's unit, county officials said.
Development is expected to be completed in early 2027, a press release issued Wednesday noted.
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The project is supported by the county, the Santa Cruz County Veterans Memorial Building Board of Trustees, and affordable housing developer DANCO Group.
Initial funding included a $6.2 million Project Homekey grant, and 15 project-based Section 8 vouchers from the Santa Cruz County Housing Authority will help support long-term operations.
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