Housing Authority approves two ownership transfers and loan assumptions for Aston Avenue and Earle Street apar | TheCommon

Summary

Housing Authority approves two ownership transfers and loan assumptions for Aston Avenue and Earle Street apartments; financial and pipeline updates provided

Santa RosaNov 24, 20253 min read

At a glance

Quick context to catch up fast.

The Santa Rosa Housing Authority met November 24, 2025 (Council Chamber). Commissioners Owen (Chair), Downey (Vice Chair), Cappio, Smith and Wimmer were present; Commissioner Conte was absent. Staff presented the FY 2025/26 Q1 financial update and a pending development pipeline update for information. The Authority: (1) approved transfer of 623 Aston Avenue to Crosscourt Properties and the assumption of the Authority's Regulatory Agreement, Density Increase Agreement, and loans (principal $558,071) with loan term extended to June 2, 2061 (motion carried 5–0, Conte absent); (2) approved transfer of 400 Earle Street to Humanity Housing North Bay, assumption of the Regulatory Agreement and loans (principal $341,650) and subordination of Authority loans to a first mortgage (~$600,000) (motion carried 4–0 with Chair Owen abstaining, Conte absent). Draft minutes from October 27, 2025 were approved. Public commenter Fred Allebach spoke on tenant HAP adequacy and project affordability.

Committees mentioned

Open the committee coverage hubs tied to this summary.

Housing Authority

Topics discussed

Budget & TaxHousing

View official document

Was this summary helpful?

Your feedback helps us prioritize what to improve next.

Key decisions

Follow the major takeaways from this briefing.

Approved transfer of ownership of Aston Avenue Apartments (623 Aston Avenue) from Sonoma Community Action Network to Colin Hooper DBA Crosscourt Properties; approved Crosscourt's assumption of the Housing Authority's Regulatory Agreement, Density Increase Agreement, and loans (principal $558,071); extended the Housing Authority loans from December 31, 2032 to June 2, 2061 (motion carried: Yes 5; Absent 1).
Approved transfer of ownership of Earle Street Apartments (400 Earle Street) from Sonoma Community Action Network to Humanity Housing North Bay (HHNB); approved HHNB's assumption of the Housing Authority's Regulatory Agreement and loans (principal $341,650); approved subordination of the Housing Authority loans to a first mortgage in the approximate amount of $600,000 to allow purchase (motion carried: Yes 4; Abstain 1; Absent 1).
Approved Housing Authority draft minutes for October 27, 2025 (approved as submitted).

Timeline & follow-ups

Action items flagged by the community.

No follow-ups have been shared yet. Add one in the community board below.

Meeting information

Details and records from this meeting.

Housing Authority

Nov 24, 2025, 12:00 AMCouncil Chamber, City Hall 100 Santa Rosa Avenue Room 11, Santa Rosascheduled

Agenda

1:30 P.M.
ALL PUBLIC COMMENTS WILL BE PROVIDED IN PERSON OR VIA EMAIL IN ADVANCE OF THE MEETINGS. MEMBERS OF THE PUBLIC CAN PARTICIPATE IN THE MEETING BY ATTENDING IN-PERSON FROM THE COUNCIL CHAMBER AT 100 SANTA ROSA AVENUE, SANTA ROSA. THE PUBLIC CAN ALSO VIEW OR LISTEN TO THE MEETING LIVE AT: 1. HTTPS://SANTA-ROSA.LEGISTAR.COM/CALENDAR. CLICK ON THE "IN PROGRESS" LINK TO VIEW; 2. VIA ZOOM WEBINAR BY VISITING HTTPS://SRCITY-ORG.ZOOM.US/J/82627010956, OR BY DIALING 877-853-5257 AND ENTERING WEBINAR ID: 826 2701 0956; 3. COMCAST CHANNEL 28, AT&T U-VERSE CHANNEL 99; AND 4. VIA YOUTUBE AT HTTPS://WWW.YOUTUBE.COM/CITYOFSANTAROSA IN THE EVENT A BOARD MEMBER PARTICIPATES REMOTELY BASED ON JUST CAUSE OR EMERGENCY CIRCUMSTANCES PURSUANT TO AB 2449, THE BOARD WILL ALSO ALLOW FOR PUBLIC COMMENT THROUGH THE ZOOM LINK OR DIAL-IN NUMBER ABOVE.
Comments from the public will be allowed on all agenda items at the time each item is called. Comments on public hearing items may be made when the hearing is opened. Public Comment: Members of the public can provide public comment on an Agenda Item In-Person from the Council Chamber. E-mail Public Comment: To submit an e-mailed public comment to the Housing Authority, please send to apaul@srcity.org by 12:00 p.m., on or before November 21, 2025. Identify in the subject line of your e-mail the Agenda Item Number on which you wish to comment, provide your name in the body of the e-mail and your comment. Public comments are limited to one comment per speaker per item.
1:30 P.M.
CALL TO ORDER
REMOTE PARTICIPATION UNDER AB 2449 (IF NEEDED)
ROLL CALL
STATEMENTS OF ABSTENTION
PUBLIC COMMENTS (ON NON-AGENDA ITEMS)
APPROVAL OF MINUTES
CHAIRMAN/ COMMISSIONER REPORTS
COMMITTEE REPORTS
EXECUTIVE DIRECTOR REPORTS/ COMMUNICATION ITEMS:
CONSENT ITEMS
REPORT ITEMS
ADJOURNMENT
The City of Santa Rosa does not discriminate on the basis of disability in the admissions or access to, or treatment of or employment in, its programs or activities. Disability-related aids or services, including printed information in alternate formats, to enable persons with disabilities to participate in public meetings and programs are available by contacting the Housing Authority Recording Secretary at (707) 543-3300 one week prior to the meeting/program. This information can also be accessed via the internet at: http://www.srcity.org ____________________________________________________________ NOTE: Any writings or documents provided to a majority of the Housing Authority regarding any item on this agenda will be made available for public inspection in the Department of Housing and Community Services located 90 Santa Rosa Avenue during normal business hours.
Draft Minutes October 27, 2025.
STAFF BRIEFING
HOUSING AUTHORITY FY 2025/26 QUARTER 1 FINANCIAL UPDATE This memo summarizes Housing Authority (“Authority”) expenditures and funding for July 1, 2025 - September 30, 2025.
STUDY SESSION
PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information.
REPORT - APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY LOANS AND REGULATORY AGREEMENT FOR EARLE STREET APARTMENTS - 400 EARLE STREET BACKGROUND: The Project consists of eight (8) one-bedroom units affordable to households up to 50% AMI, secured by a Regulatory Agreement to September 16, 2075. The balance of the Housing Authority loans as of November 30, 2025 is $533,294 ($341,650 principal plus $191,644 interest). Sonoma CAN is no longer interested in being a housing provider and has decided to sell its properties, including those with Housing Authority loans and Regulatory Agreements (Aston Avenue Apartments, Earle Street Apartments, Given Avenue Transitional Housing, and Sloan House Shelter). Sonoma CAN has entered into a LOI with HHNB for the Project. Sale of the property and assumption of the Housing Authority’s Regulatory Agreement and loans by a new owner requires Housing Authority approval. RECOMMENDATION: The Housing and Community Services Department recommends that the Housing Authority, by resolution, conditionally approve the following for Earle Street Apartments, located at 400 Earle Street: 1) transfer of ownership from Sonoma Community Action Network (Sonoma CAN, formerly Community Action Partnership of Sonoma County) to Humanity Housing North Bay (HHNB); 2) assumption of the Housing Authority’s Regulatory Agreement and loans, in the principal amount of $341,650 by HHNB; and 3) subordination of the Housing Authority loans to a first mortgage, in the approximate amount of $600,000, to allow HHNB to purchase the property.
REPORT - APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY REGULATORY AGREEMENT, DENSITY INCREASE AGREEMENT, AND LOANS FOR ASTON AVENUE APARTMENTS - 623 ASTON AVENUE BACKGROUND: Sonoma CAN is selling 623 Aston Avenue, known as Aston Avenue Apartments (Project), and has entered into a letter of intent (LOI) with Crosscourt Properties, a Bay Area-based multifamily housing owner/operator. The Project is a ten (10) unit apartment complex affordable to households with incomes at 50%, 60% and 80% of area median income (AMI). The Housing Authority has two (2) loans on the property, in the principal amount of $558,071, maturing on December 31, 2032, and a Regulatory Agreement and Density Increase Agreement securing affordability through June 2, 2061. Subject to Housing Authority approval, Sonoma CAN and Crosscourt Properties will enter into a purchase agreement for the property. As part of this transaction, Crosscourt Properties is seeking the Housing Authority’s approval to assume the Regulatory Agreement, Density Increase Agreement, and loans. RECOMMENDATION: The Housing and Community Services Department recommends that the Housing Authority, by resolution, conditionally approve 1) the transfer of ownership from Sonoma Community Action Network (Sonoma CAN, formerly Community Action Partnership of Sonoma County) to Colin Hooper DBA Crosscourt Properties (Crosscourt Properties); 2) the assumption of the Housing Authority's Regulatory Agreement, Density Increase Agreement, and loans, in the principal amount of $558,071 by Crosscourt Properties; and 3) extension of the Housing Authority’s loans from December 31, 2032 to June 2, 2061 to align with the terms of the Regulatory Agreement
Approved on: January 26, 2026 /s/ Ashley Paul, Recording Secretary

Documents from this meeting

Recent documents

Fresh records from this municipality.

Civic leadership

Know who to contact about the decisions that matter.