To translate an agenda into the language of your choice:

1. Click on the Accessible Agenda link for the specific meeting date and it will open an .html of the agenda.
2. Right click on that page, and a dialogue box pops up.  Scroll to translate agenda to (select language of your choice), and click on that command

File #: 24-402HA    Version: 1 Name: MODIFICATION TO PRIOR FUNDING COMMITMENTS FOR VIGIL LIGHT SENIOR APARTMENTS TO EXTEND THE LOAN TERM AND AMEND AFFORDABILITY REQUIREMENTS AND BORROWER NAME
Type: HA- Consent Status: Agenda Ready
File created: 11/30/2023 In control: Housing Authority
On agenda: 1/22/2024 Final action: 1/22/2024
Title: RESOLUTION - MODIFICATION TO PRIOR FUNDING COMMITMENTS FOR VIGIL LIGHT SENIOR APARTMENTS TO EXTEND THE LOAN TERM AND AMEND AFFORDABILITY REQUIREMENTS AND BORROWER NAME RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, approve the following modifications to the funding commitments to PEP Housing, Inc. for Vigil Light Senior Apartments: 1) to extend the term of the loan and the regulatory agreement from 55 years to 60 years; 2) modify the affordability mix from 24 units at 30% Area Median Income and 24 units at 50% Area Median Income to all units to 50% of Area Median Income; and 3) allow the Borrower entity to be changed from PEP Housing to Caufield Lane Senior Housing Inc.
Sponsors: Housing and Community Services
Indexes: Not a Project
Code sections: 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1, 3. Resolution
Related files: 23-406HA, 22-406HA, 22-808HA