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File #: 26-603HA    Version: 1 Name: APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY REGULATORY AGREEMENT, DENSITY BONUS HOUSING AGREEMENT, PROJECT-BASED VOUCHER HOUSING ASSISTANCE PAYMENTS CONTRACT, AND LOANS FOR BENTON VETERANS’ VILLAGE - 1055 BENTON STREET
Type: HA- Report Status: Agenda Ready
File created: 1/14/2026 In control: Housing Authority
On agenda: 1/26/2026 Final action:
Title: REPORT - APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY REGULATORY AGREEMENT, DENSITY BONUS HOUSING AGREEMENT, PROJECT-BASED VOUCHER HOUSING ASSISTANCE PAYMENTS CONTRACT, AND LOANS FOR BENTON VETERANS’ VILLAGE - 1055 BENTON STREET BACKGROUND: Community Housing Sonoma County (CHSC) is selling 1055 Benton Street, known as Benton Veterans Village (Project), and has entered into a purchase agreement with PEP Housing. The Project is a seven (7) unit apartment complex affordable to households with incomes between 30% and 80% of area median income (AMI). The Housing Authority has three (3) loans on the property, in the principal amount of $1,572,294 due on July 28, 2071, a Regulatory Agreement and Density Bonus Housing Agreement securing affordability through October 22, 2073, and a Project-Based Voucher Housing Assistance Payments (PBV HAP) contract expiring on August 21, 2033. Additionally, the City of Santa Rosa provided the Project with a loan in the principal amo...
Sponsors: Housing and Community Services
Indexes: Exempt Project, Not a Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Letter from PEP Housing, 3. Resolution, 4. Presentation
Related files: 17-0452