26-0593
Adopt Resolution delegating Board’s signature authority to Director of Public Works and Planning to execute documents required for Reedley Heritage Project subject to specified limits and conditions; and conditionally approve and authorize Director of Public Works and Planning, subject to requirements of Board’s Resolution, to execute an Affordable Housing Agreement, in substantially the form as attached to this item, and its associated loan documents and all necessary amendments, with Reedley Elderly L.P., as developed by Self-Help Enterprises with tax credit investors; funding would support preservation, rehabilitation, and operation of a 23-unit senior rental housing facility in City of Reedley (currently known as Reedley Elderly, to be renamed Reedley Heritage), and features a 15-year affordability restriction for 11 units and a maximum 55-year repayment term for an interest-bearing loan ($2,000,000)
- Committee
- Public Works & Planning
- Requested by
- Public Works & Planning
- Introduced
- May 20, 2026
- On agenda
- June 30, 2026
- Passed
- June 30, 2026
- Enactment no.
- Resolution No. 26-254