ID 24-248
Actions pertaining to the conversion of the former Parkside Inn Motel into a 38-unit residential affordable housing project, located at 1415 W. Olive Avenue, Fresno 93728 (District 3): 1. Approve a Community Development Block Grant (CDBG) Loan Agreement in the amount of $3 million with Silvercrest, Inc., for property acquisition of the former Parkside Inn Motel; and 2. ***RESOLUTION - To support Silvercrest, Inc., a California Non-Profit Public Benefit Corporation’s Low-Income Housing Tax Credit Application for the substantial rehabilitation of the form Parkside Inn; and to provide a conditional commitment of HOME American Rescue Plan (HOME-ARP) Program loan funds in an amount not to exceed $858,000 to the Project (Subject to Mayor’s Veto)
What this record is
- Held by
- Silvercrest, Inc 2 records across this site
- Amount
- $858K
- Runs until
- no end date published in this record
- Type
- purchase
- Field
- Public safety
Read automatically from the title of the official record. The source document below is authoritative.
Silvercrest, Inc also holds
Actions pertaining to the substantial rehabilitation of the former Parkside Inn Motel site, located at 1075 N. Warren Avenue, into a 63-unit affordabl…- Committee
- City Council
- Requested by
- Planning and Development Department
- Introduced
- February 9, 2024
- On agenda
- March 7, 2024
- Passed
- March 7, 2024