Actions pertaining to Sarah’s Court Phase II Apartments, a 120-unit affordable multifamily housing project, to be located at 200 N. Salma Avenue in southeast Fresno as part of the Fancher Creek Master Plan Development (District 5): 1. Approve a Community Development Block Grant (CDBG) loan Agreement in the amount of $2.4 million with FCTC Family II, LP, for land acquisition; and 2. ***RESOLUTION - to support FCTC Family II, LP’s Low-Income Housing Tax Credit Application for the development of Sarah’s Court Phase II; and to provide a conditional commitment of HOME Investment Partnership Program (HOME) loan funds in an amount not to exceed $3 million to the Project (Subject to Mayor’s veto)

What this record is

Held by

FCTC Family II, LP 2 records across this site

Amount

$3.00M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Real estate

real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

FCTC Family II, LP also holds

Approve a $3,000,000 HOME Investment Partnerships Program Agreement with FCTC Family II, LP for development of the Sarah’s Court II Apartments, a 120-… $3.00M Fresno, CA

Committee

City Council

Requested by

City Council

Introduced

January 19, 2024

On agenda

February 1, 2024

Passed

February 1, 2024

Where it was heard

City Council Feb 1, 2024 ADOPTED AS AMENDED Pass

Watch what Fresno buys

This is one award. Fresno signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.

Watch this

Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.