A couple of months after receiving options for how to proceed with a potential low-income student housing project, the Santa Clarita Community College District board of trustees is expected Wednesday to decline to proceed with those plans.
In doing so, the board, which oversees College of the Canyons, would be disenrolling as one of the 12 community college districts that was selected to receive more than $61 million as part of the Affordable Student Housing Grant that was later altered to be funded through lease-revenue bonds.
“The delayed and restructured funding model will make it so the district will not be able to cover the total costs associated with constructing and operating the proposed student housing, thus requiring the district to allocate additional general fund resources to support these expenses,” the draft resolution reads…