REQUEST FOR FINANCING COMMITMENT LETTER AND AUTHORIZATION TO ISSUE LOAN FROM THE AFFORDABLE HOUSING TRUST FUND IN THE AMOUNT OF $4,245,000 FOR ACQUISITION FINANCING AT 1006 AND 1010 N. EDINBURGH AVENUE
Minutes • 2026-02-17 • Item B.16
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AI Summary
Authorized the City Manager or designee to execute a commitment letter pledging $4,245,000 for acquisition financing for the development of between 55 and 65 affordable housing units at 1006 and 1010 N. Edinburgh Avenue. Approved as part of the Consent Calendar.
Vote result: Passed 5-0
Fiscal impact
Fiscal impact was not specified in the published agenda analysis.