Consider recommendations regarding the execution of a Loan Subordination Agreement for Escalante Meadows (Project) in Guadalupe, Fifth District, as follows: a) Ratify the execution of a Subordination Agreement with the State of California Department of Housing and Community Development (State HCD), subordinating a $1,377,665.00 Community Development Block Grant Disaster Recovery Multifamily Housing Program (CDBG-DR MHP) loan provided to the Escalante Meadows Affordable Housing Development (Project) to a State Affordable Housing and Sustainable Communities (AHSC); and b) Determine that the recommended action is not the approval of a project that is subject to environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines section 15378(b)(5), finding that the subject item is an organizational or administrative activity of government(s) that will not result in direct or indirect physical changes in the environment.

Administrative Item Agenda Ready Introduced January 29, 2026

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