https://santabarbara.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8059347&GUID=40DFFF08-6608-4A85-8A21-B45E3493640ALegistar15https://santabarbara.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8059347&GUID=40DFFF08-6608-4A85-8A21-B45E3493640A40DFFF08-6608-4A85-8A21-B45E3493640A-2026-06-04-19-39-04Title: Consider recommendations regarding the County Loan to FLT San Simeon Oaks, L.P., for development of a Multi-Family Affordable Housing Development in the Unincorporated area of Eastern Goleta Valley and Agreement to Provide Affordable Housing, Second District, as follows: a) Approve and authorize the Chair of the Board of Supervisors to execute an Agreement to Provide Affordable Housing by and among the County, FLT San Simeon Oaks, L.P., a Delaware limited partnership (Borrower), and RTA San Simeon, LLC, a Delaware limited partnership (Market-Rate Developer) memorializing affordable housing restrictions applicable to the San Simeon Oaks Multifamily Housing Development, County of Santa Barbara Planning & Development Case No. 25HSG-00005 (Project), and direct its recordation to be recorded against title to the Project property in accordance with County Conditions of Approval for the Project; b) Approve a County Loan of In-Lieu Fee funds to Borrower in the original principal amount of $1,100,000.00 (County Loan) memorialized by a Promissory Note, and secured by a Deed of Trust to be reThu, 04 Jun 2026 19:39:04 GMT