Age-in-Place Home, Point Reyes Station
On January 5, 2022, CLAM finalized an agreement to purchase a multi-unit home in Point Reyes Station at a steeply discounted price. Under a Retained Life Estate agreement, the homeowner, Bobbi Loeb, will retain ownership of the property and the right to live there throughout her life. Upon her death, ownership will transfer to CLAM, leaving a lasting legacy of affordable homes that will serve the West Marin community and its future generations. In the meantime, CLAM is handling major repairs of deferred maintenance on the property, including termite fumigation and new roofing.
This is the first property acquired through CLAM’s Age-In-Place initiative. Under this program, a homeowner can either sell or donate their residence to CLAM while retaining the right to live there for the rest of their life.