Housing Asset Funding Commitment Letter to Satellite Affordable Housing Associates RECOMMENDATION: By resolution, approve a commitment letter outlining preliminary loan terms for the award of $2,500,000 in Housing Asset Funds to Satellite Affordable Housing Associates (“SAHA”) to support affordable housing development and authorize staff to negotiate, draft, and execute loan documents that carry out the terms of the commitment letter.

What this record is

Amount

$2.50M

Runs until

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

Type

award

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

Committee

City Council

Introduced

September 9, 2026

On agenda

September 22, 2026

Where it was heard

City Council Sep 22, 2026

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