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File #: 20-412HA    Version: 1 Name: Loan Modification Orchard Commons
Type: HA- Consent Status: Agenda Ready
File created: 9/10/2020 In control: Housing Authority
On agenda: 9/28/2020 Final action:
Title: RESOLUTION - LOAN MODIFICATION OF TARGETED AFFORDABLE UNITS - ORCHARD COMMONS, 811 BOYD STREET RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, approve a modification to the targeted affordable units for Orchard Commons (formerly known as Boyd Street Family Apartments), located at 811 Boyd Street from 8 units at 30% of Area Median Income (AMI), 37 units at 50% of AMI and one unrestricted manager’s unit to 10 units at 30% of AMI, 5 units at 50% of AMI, 30 units @ 60% of AMI, and one unrestricted manager’s unit.
Sponsors: Housing and Community Services
Indexes: Exempt Project
Code sections: 15183 - Consistent with Community Plan, General Plan, or Zoning, 15332 - Infill Development
Attachments: 1. Revised Staff Report (Uploaded 09-24-2020), 2. Staff Report, 3. Attachment 1 - Program Project Report, 4. Revised Resolution (Uploaded 09-24-2020), 5. Resolution, 6. Presentation
Related files: 20-413HA