25-01092
Consider recommendations regarding a County HOME Loan to Hollister Lofts L.P., for a Permanent Supportive Housing Development Project, Second District, as follows: a) Approve and authorize the Chair of the Board of Supervisors to execute a County HOME Funding Loan Agreement; and Regulatory Agreement; setting forth terms, conditions and requirements for Hollister Lofts, L.P. (Owner), acceptance of the County Loan; b) Approve and authorize the Chair of the Board of Supervisors to execute a Subordination Agreement, wherein the County agrees to Subordinate its HOME loan to a Construction Loan provided by Banc of California (Construction Loan); c) Approve and authorize the Chair of the Board of Supervisors to execute a Subordination Agreement, wherein the County agrees to subordinate its County Land Loan Agreement (Land Loan), to the Construction Loan; and d) Determine that the approval of this Item is not subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to California Government Code Section 65913.4 as it being developed “by right” subject to AB2162 and provides affordable permanent supportive rental housing.
- Committee
- BOARD OF SUPERVISORS
- Introduced
- December 5, 2025
- On agenda
- December 16, 2025
- Passed
- December 16, 2025
Where it was heard
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