24-029HA
| 1 | 5.1 | Housing Authority Financial Report | HA- Agenda Item | Housing Authority Financial Report
Housing Authority FY 2024/2025 Quarter 1 Financial Report | presented | |
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24-516HA
| 1 | 8.1 | Draft Minutes - October 28, 2024 | HA- Minutes | Draft Minutes - October 28, 2024 | approve as submitted | |
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24-307HA
| 1 | 11.1 | PENDING DEVELOPMENT PIPELINE UPDATE | HA- Communication Item | PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information. | presented | |
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24-410HA
| 1 | 12.1 | MODIFICATION OF LOAN TERMS FOR STONY POINT FLATS APARTMENTS | HA- Consent | RESOLUTION - MODIFICATION OF LOAN TERMS FOR STONY POINT FLATS APARTMENTS
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, through two resolutions: 1) modify the terms of the its loan, in the amount of $1,200,000, with Stony Point Flats, L.P. for Stony Point Flats Apartments, located at 2270 Stony Point Road, to increase the interest rate from 3% to the current Applicable Federal Rate of 4.10%; and 2) rescind Resolution No. 1784 and approve a new resolution for the further advance of $600,000, increase the interest rate from 3% to the current Applicable Federal Rate of 4.10%; and revise the source of loan funds from state funds (Permanent Local Housing Allocation funds) to a local funding source (In-Lieu Fee Funds) to expedite conversion to permanent financing. | to waive reading of the text and adopt | Pass |
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24-411HA
| 1 | 12.2 | ASSIGNMENT AND EXTENSION OF THE AGREEMENT TO ENTER A HOUSING ASSISTANCE PAYMENTS CONTRACT FOR HERITAGE PARK APARTMENTS | HA- Consent | RESOLUTION -ASSIGNMENT AND EXTENSION OF THE AGREEMENT TO ENTER A HOUSING ASSISTANCE PAYMENTS CONTRACT FOR HERITAGE PARK APARTMENTS
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority, by resolution, 1) approve a change to the legal name of the entity awarded ten (10) Project Based Vouchers for Heritage Park Apartments from Heritage Park, L.P. to Linc Windsor Park, L.P. and 2) extend the Agreement to Enter into A Housing Assistance Payments Contract through December 31, 2026. | to waive reading of the text and adopt | Pass |
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