Purchased and renovated 2005-2006
2 affordable rentals
CLAM acquired its first property in August 2005, converting a 3-bedroom house to two rental units occupied in 2006. CLAM raised $400,000 subsidy from individuals and inherited assets and financed $350,000 with a low-interest loan from Marin Community Foundation. A family of four lives in the larger unit in front, and a single individual lives in the one bedroom unit in back.
This unit was developed before CLAM developed the expertise and capacity to practice environmentally responsible housing. At some point in the future, CLAM would like to do a green retrofit of this structure.
Photos of the second-unit construction in process
Photos of the open house
