developmentHigh priorityopen

Hillcrest Homes affordable for-sale project funding gap

Thousand Oaks

Summary

The 78-unit affordable homeownership project faces a $4.7 million gap after costs rose to $51.2 million. The council authorized negotiating DDA amendments and drafting a citywide impact fee waiver for 100% affordable for-sale projects.

At a glance

Total mentions: 1
Last 30 days: 0

Last discussed Apr 14, 2026.

Impact analysis

💰Financial impact

A potential waiver of city impact fees to help close a $4.7 million funding gap on a $51.2 million project.

✅Who benefits

Low- and moderate-income families seeking affordable homeownership in Thousand Oaks.

Mentions & discussions (1)

MeetingApr 14, 2026

Thousand Oaks City Council Regular Meeting (Closed Session) - Apr 14, 2026

Related development

approved

Hillcrest Homes Affordable For-Sale Housing Project Modifications

Could determine whether 59 low-income and 19 moderate-income homes actually get built; the DDA closing deadline was extended to March 2027.

We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.

The weekly brief for Thousand Oaks

What the council decided, in plain English — one email a week.

Free. Unsubscribe with one click any time. We never sell your email.