Actions pertaining to the Ventura Family Apartments affordable rental housing development project, located at the southwest corner of South Eighth Street and Ventura Avenue (a portion of APN 470-052-02T and a portion of 470-05-03T) (City Council District 5) 1. Approve an Amended and restated Affordable Housing Agreement with Corporation for Better Housing to develop the Ventura Family Apartments affordable rental housing project 2. Approve a 55-year Amended and Restated Ground Lease, with two optional 10-year extensions, with 3720 E. Ventura Ave., L.P. to develop and operate the Ventura Family Apartments affordable rental housing project 3. Approve an Assignment and Assumption of the Amended and Restated Affordable Housing Agreement between the City of Fresno, Corporation for Better Housing, and 3720 E. Ventura Ave., L.P. for the Ventura Family Apartments 4. Approve a $5,000,000 Local Housing Trust Fund Agreement with 3720 E. Ventura Ave., L.P for the Ventura Family Apartments affordable rental housing development project located at 3720 Ventura Ave. 5. Approve a License and Right of Entry Agreement with 3720 E. Ventura Ave., L.P. for Use of the City-Owned Parcel at 717 S. Seventh Street (APN 470-052-02T)

Action Item Passed Introduced November 24, 2025

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