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26-00107

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

What this record is

Amount
$1.38M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract

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

Committee
BOARD OF SUPERVISORS
Introduced
January 29, 2026
On agenda
February 10, 2026
Passed
February 10, 2026

Where it was heard

BOARD OF SUPERVISORS Feb 10, 2026 Acted on as follows: Pass

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