The Whipping Post Take on SB County Board of Supervisors

COUNTY TO THROW ONE POINT ONE MILLION AT 'AFFORDABLE' HOUSING, CITES 'ENVIRONMENTAL EXEMPTION'

Your benevolent Santa Barbara County overlords are back at it, generously showering developers with taxpayer dollars for 'affordable housing' while claiming it won't impact the environment because...

6/5/2026 · Inspired by 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 recorded against title to the Project property; c) Approve and authorize the Chair of the Board of Supervisors to execute: i) A County Loan Agreement with FLT San Simeon Oaks, L.P. (Borrower) setting forth terms and conditions of the County Loan; and ii) A Regulatory Agreement with Borrower to be recorded against title to the Project property, setting forth affordable housing restrictions on the Project property as a condition of the County Loan; d) Approve and authorize the Chair of the Board of Supervisors to execute a Subordination Agreement with U.S. Bank, wherein the County agrees to subordinate the County’s right to repayment of the County Loan to U.S. Bank’s repayment rights under a Project construction loan provided to Borrower by U.S. Bank; e) Approve and authorize the Chair of the Board of Supervisors to execute a Subordination Agreement with CitiBank, wherein the County agrees to subordinate the County’s right to repayment of the County Loan to CitiBank’s repayment rights under a Project construction loan provided to Borrower by CitiBank; f) Approve and Authorize the Director of Community Services to fill in the Senior Loan blanks on the documents for U.S. Bank and CitiBank upon Borrower execution of the Senior Loan documents provided the Senior Loan blanks do not exceed $23 million (tax-exempt construction loan) and $24 million (taxable construction loan) for U.S. Bank, and $23 million (tax-exempt permanent loan) and $7 million (taxable permanent loan) for Citibank; and g) Determine that the proposed action does not constitute a “Project” within the meaning of the California Environmental Quality Act (CEQA), pursuant to Section 15378(b)(5) of the CEQA Guidelines, because it consists of an organizational or administrative activity of government which will not result in direct or indirect physical changes in the environment. via SB County Board of Supervisors

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'AFFORDABLE''ENVIRONMENTALEXEMPTION'
Housing Desk
SB County Board of Supervisors · The Whipping Post · NO.966 · PANEL 6/6 · SB-6J3

The Santa Barbara County Board of Supervisors, in their infinite wisdom, is set to approve a cool $1.1 million 'loan' from the public purse for yet another 'affordable housing' development in Goleta. This isn't just any loan, mind you; it's an 'in-lieu fee' fund, which sounds suspiciously like money the county collected for one thing and is now redirecting to another. The details, buried deep in pages of legalese, reveal that taxpayers are not only fronting the cash, but our repayment takes a back seat to giants like U.S. Bank and Citibank, who get first dibs if things go sideways. Because, naturally, the county’s fiscal priorities always revolve around ensuring big banks are made whole before the folks who actually paid the fees.

What's truly galling, and a detail the main dailies like to gloss over, is the Board's decision to declare this multi-million dollar financial maneuver as NOT a 'Project' under the California Environmental Quality Act (CEQA). Why? Because it's an 'organizational or administrative activity of government,' meaning shuffling paper and taxpayer money magically produces no 'direct or indirect physical changes in the environment.' It’s a remarkable feat of bureaucratic alchemy: build a new complex, but in the eyes of CEQA, nothing physical actually happened because the county only funded it. It's the legislative equivalent of saying you didn't eat the cake because you just paid for it.

This kind of financial gymnastics and semantic contortion acts as a shiny facade for a deeper truth: our esteemed supervisors are once again ensuring that developers, who no doubt have cozy relationships with the county, get their projects green-lighted and subsidized with minimal fuss. The 'affordable housing' crisis is a convenient narrative used to justify these handouts, while the actual cost to taxpayers and the environment (despite what the CEQA exemption claims) is quietly swept under the rug. It's a familiar dance, and the taxpayers are always the ones left holding the tab.

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