Consider recommendations regarding the approval and execution of Loan Subordination Agreements Concerning Sanctuary Centers of Santa Barbara, Inc.’s Hollister II Affordable Housing Development (Project) located at 115 West Anapamu Street (Property), City of Santa Barbara, First District, as follows: a) Approve and direct the Chair to execute a Subordination Agreement subordinating the County’s rights with respect to its one-million-four-hundred-thousand-dollar ($1,400,000.00) County Permanent Local Housing Allocation loan (PLHA Loan) to Sanctuary Centers of Santa Barbara, Inc. (Owner) to a seven-million-dollar ($7,000,000.00) State of California Department of Social Services Community Care Expansion Project loan to Owner (State CCE Loan); b) Approve and direct the Chair to execute a Subordination Agreement subordinating the PLHA Loan to a two-million-nine-hundred-fourteen thousand, two-hundred twenty-four-dollar ($2,914,224.00) State of California Department of Behavioral Health Care Services Capital Infrastructure Program Project loan to Owner (State BHCIP Loan); c) Approve and authorize the Chair to execute a Subordination Agreement subordinating a one-million-five-hundred-thousand-dollar ($1,500,000.00) County Community Corrections Partnership loan to Owner (CCP Loan) to the State CCE Loan; d) Approve and authorize the Chair to execute a Subordination Agreement subordinating the CCP Loan to the State BHCIP Loan; e) Approve and authorize the Chair to execute a Subordination Agreement, whereby the City of Santa Barbara agrees to subordinate a City Affordability Covenant Imposed on Real Property (City Covenant) to the County PLHA Loan; f) Approve and authorize the Chair to execute a Subordination Agreement whereby the City of Santa Barbara agrees to subordinate the City Covenant to the County CCP Loan; and g) Find that the Project is exempt from California Environmental Quality Act (CEQA) requirements pursuant to CEQA Section 15332, consistent with the Notice of Exemption filed by the City of Santa Barbara on December 4, 2020.
What this record is
- Held by
- Sanctuary Centers of Santa Barbara, Inc 3 records across this site
- Amount
- $2.91M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Health & social
health & social 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.
Sanctuary Centers of Santa Barbara, Inc also holds
Consider recommendations regarding a First Amendment to the Services Agreement (Board Contract No. 23-212) with Sanctuary Centers of Santa Barbara, In… Consider recommendations regarding the California Department of Housing and Community Development (State HCD) and Sanctuary Centers of Santa Barbara, …- Committee
- BOARD OF SUPERVISORS
- Introduced
- January 12, 2024
- On agenda
- January 23, 2024
- Passed
- January 23, 2024
Where it was heard
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