https://monterey.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8072640&GUID=E06EC0DA-1E44-4D4B-A536-BA7DC17682DCLegistar15https://monterey.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8072640&GUID=E06EC0DA-1E44-4D4B-A536-BA7DC17682DCE06EC0DA-1E44-4D4B-A536-BA7DC17682DC-2026-06-18-16-26-32Title: a. Approve subordination agreements that will place the County’s loan in a lower collateral position behind loans from the California Department of Housing & Community Development HOME and HOME ARP programs; and b. Approve Amendment No. 2 to the Declaration of Affordability Covenants that will reduce the number of income restricted bedrooms for the project but results in more affordable units being available overall. c. Authorize the Director of Housing and Community Development to sign two Subordination Agreements, and Amendment No. 2 to the Declaration of Affordability Covenants for Shelter Cove (City of Marina).Thu, 18 Jun 2026 16:26:32 GMT