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  • Writer's pictureDeirdre McCrohan

Hilarita owner asks Tiburon for help securing renovation cash

The owner of The Hilarita apartments is asking the town of Tiburon to help it become eligible to borrow up to $50 million to finance a long-planned renovation of the affordable-housing complex. At the request of EAH Housing, the Town Council at its Feb. 5 meeting is expected to vote on whether to join the California Municipal Financing Authority and whether, as a new member of the authority, to approve the issuance of the bonds. The move from Tiburon would give Marin nonprofit EAH Housing access to tax-exempt bonds to pay for upgrades to the 102-unit complex.

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