OtherApproved100 North Broadway, Santa Maria

Perlman Apartments Tax-Exempt Bond Financing

Santa Maria

Description

The council approved issuance of up to $35 million in tax-exempt bonds for a 150-unit affordable apartment project at 100 North Broadway — with zero city liability.

Impact summary

Adds 150 affordable rental units to the community at no financial risk to the city.

Applicant

Name: Danco Communities / California Municipal Finance Authority
Address: 100 North Broadway, Santa MariaSee this on the map

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last vote · City Council

Approved5–0, unanimous

Last discussed May 5, 2026.

Meeting timeline (1)

May 5, 2026Approved 5–0

City Council Meeting

The council approved issuance of up to $35 million in tax-exempt bonds for a 150-unit affordable apartment project at 100 North Broadway — with zero city liability.

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