Actions pertaining to the substantial rehabilitation of the former Parkside Inn Motel site, located at 1075 N. Warren Avenue, into a 63-unit affordable multifamily housing project (District 3): 1. Approve a First Amendment to the Community Development Block Grant (CDBG) Agreement - Exhibit B: II Project Schedule, with Silvercrest, Inc. (Silvercrest), to extend the Commencement of Construction, Completion of Construction, and Lease Up Schedule dates; and 2. ***RESOLUTION - To support Silvercrest, Inc. Non-Profit Public Benefit Corporation’s Low-Income Housing Tax Credit (LIHTC) application and/or Homekey+ application for the substantial rehabilitation of the Parkside Inn Motel site; and provide a conditional commitment of available housing loan funding to the project in an amount not to exceed $3,858,000 for eligible rehabilitation costs (Subject to Mayor’s Veto).

What this record is

Held by

Silvercrest, Inc 2 records across this site

Amount

$3.86M

Runs until

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

Type

amendment

Field

Construction

construction 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.

Silvercrest, Inc also holds

Actions pertaining to the conversion of the former Parkside Inn Motel into a 38-unit residential affordable housing project, located at 1415 W. Olive … $858K Fresno, CA

Committee

City Council

Requested by

Planning and Development Department

Introduced

March 6, 2025

On agenda

March 27, 2025

Passed

March 27, 2025

Where it was heard

City Council Mar 27, 2025 APPROVED ON CONSENT CALENDAR Pass

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