MCF to Explore Development of Affordable Housing for Grady Ranch Property
May 08, 2012
contact: Vikki Garrod (415.464.2527 or via email)
The Marin Community Foundation, with the support of Lucasfilm, will explore options for the development of affordable housing on Grady Ranch in Marin County on which Lucasfilm had originally planned to develop a new film studio.
The Foundation has had a strong commitment to providing affordable housing for many years. These efforts have included helping residents understand the need for affordable housing and see that it can fit in aesthetically in surrounding neighborhoods; advocating for public policies that support affordable housing for seniors, families, and others; and providing loans and grants to nonprofit housing developers.
Dr. Thomas Peters, president and CEO of the Foundation, said, “We are thrilled that George Lucas is seeing this as an opportunity to address one of the most critical issues in Marin County—making it possible for a broad range of individuals and families to afford to live in Marin. In many instances, this is housing for people who work in the county but can’t afford to live here and for people who grew up here but who now cannot afford safe, secure housing in their home county. And we have always paid particular attention to the need for affordable housing by the county’s expanding senior population.
“We know that affordable housing is often the linchpin for family and financial stability and that it contributes to a viable and economically healthy community. We’re excited about the possibility of creating family and/or senior affordable housing on Grady Ranch, and we’re enormously grateful to Mr. Lucas and Lucasfilm for the opportunity to explore it.”
Lynne Hale, Lucasfilm’s Public Relations Director, said, “We are delighted that a prestigious organization such as the Marin Community Foundation is looking into the possibility of working with developers for Grady Ranch. The Foundation has had a solid track record for over 25 years of helping in the development, rehabilitation, and restoration of over 2,600 affordable homes in Marin.”