Marin supervisors approve financing for senior housing complex

Marin County supervisors unanimously approved $33 million in bond financing for a housing complex for seniors in Santa Venetia.

The developer, Security Properties, seeks to borrow funds for its acquisition and rehabilitation of the Parnow Friendship House at 164 N. San Pedro Road. The developer is in negotiations with property owner Interfaith Housing Inc.

Parnow is a 72-apartment, affordable housing property for low-income residents ages 62 and over. The 43-year-old complex has 79 residents...