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25-506HA
| 1 | 7.1 | Draft Minutes - July 28, 2025. | HA- Minutes | Draft Minutes - July 28, 2025. | | |
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25-023HA
| 1 | | PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information. | HA- Agenda Item | PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information. | | |
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25-705HA
| 1 | 11.1 | BURBANK HOUSING DEVELOPMENT CORPORATION AND BURBANK HOUSING NEIGHBORHOOD REVITALIZATION CORPORATION’S REQUEST FOR A CONDITIONAL CONSOLIDATION, EXTENSION AND MODIFICATION OF LOAN TERMS FOR 2862 AND 2866 APPLE VALLEY LANE, 2870 AND 2874 APPLE VALLEY LANE, P | HA- Report | REPORT - BURBANK HOUSING DEVELOPMENT CORPORATION AND BURBANK HOUSING NEIGHBORHOOD REVITALIZATION CORPORATION’S REQUEST FOR A CONDITIONAL CONSOLIDATION, EXTENSION AND MODIFICATION OF LOAN TERMS FOR 2862 AND 2866 APPLE VALLEY LANE, 2870 AND 2874 APPLE VALLEY LANE, PAPAGO COURT, PAULIN CREEK, AND OLIVE GROVE APARTMENTS
BACKGROUND: The Housing Authority has provided loans to Burbank Housing Development Corporation and Burbank Housing Neighborhood Revitalization Corporation (Burbank Housing) for five affordable housing properties in the total principal amount of $13,868,472 representing a total of 232 units, with 226 units affordable to extremely low-, very low- and low-income households. The properties, identified as 2862 and 2866 Apple Valley Lane, 2870 and 2874 Apple Valley Lane, Papago Court, Paulin Creek and Olive Grove Apartments, are being consolidated into a “scattered site” application known as Apple Valley Scattered Sites to pursue tax exempt bonds and tax credits to access funds for rehabilitation of the project sites. The proposed consolidation includes a request to extend | | |
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25-706HA
| 1 | 11.2 | CHANGE TO TARGETED UNIT MIX ON PRIOR AWARD OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR WEST AVENUE APARTMENTS | HA- Report | REPORT - CHANGE TO TARGETED UNIT MIX ON PRIOR AWARD OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FOR WEST AVENUE APARTMENTS
BACKGROUND: West Avenue Apartments (Project) is a 40-unit apartment building located at 1400 West Avenue in Santa Rosa. The Project was built in 1986 and is owned by Burbank Housing and includes 39 affordable units currently rented to households at or below 60% of AMI and one manager unit. There are 34 2-bedroom units and five 3-bedroom units in the Project. Burbank Housing has secured a conditional commitment of Portfolio Reinvestment Program (PRP) funds from the California Department of Housing and Community Development (HCD) to rehabilitate the property, in addition to the conditional award of Community Development Block Grant (CDBG) funds from the Housing Authority committed to the project on October 28, 2024. HCD is requiring Burbank Housing to update the targeted unit mix from 29 units at 60% of Area Median Income (AMI), one unit at 50% of AMI and nine units at 30% of AMI, which is the unit mix that was approved by the Housing Authority in the CDBG | | |
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