← All development
OtherApproved534 East Boone Street, Santa Maria, California
Hancock Terrace Apartments Bond Financing (TEFRA)
Santa Maria
Description
Step Up Housing, a nonprofit, gets up to $105 million in tax-exempt bonds through the California Municipal Finance Authority to buy and rehabilitate the 205-unit Hancock Terrace Apartments. The city is not on the hook for the debt.
Impact summary
A 205-unit apartment community gets a major rehabilitation funded by tax-exempt bonds, with no cost to city taxpayers.
Applicant
- Name
- Step Up Housing
- Address
- 534 East Boone Street, Santa Maria, CaliforniaSee this on the map
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Approved5–0, unanimous
Last discussed Jan 20, 2026.
Meeting timeline (1)
Related issues (1)
We'll email you when it's on an upcoming agenda, when it's voted on and when its status changes, at most once a day.
The weekly brief for Santa Maria
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.