The Council on Tuesday will consider giving CCSM a $450,000 bridge loan to help pay contractors who worked on Berkeley Station, a 13-unit pre-fab apartment building at 1342 Berkeley Street funded by the City, according to a report to the Council from City staff.

City staff's recommendation to approve the loan comes after the Council has already approved Housing Trust Fund loans totaling $11.3 million, or some $870,000 per unit, to construct the building on City owned land. 

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2026/November-2026/11_13_2026_Community_Corp_Seeks_More_City_Money_to_Pay_Contractors.html