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26-003HA
| 1 | 5.1 | Housing Authority FY 2025/26 Quarter 2 Financial Update | HA- Agenda Item | Housing Authority FY 2025/26 Quarter 2 Financial Update
This memo summarizes Housing Authority (“Authority”) expenditures and funding for July 1, 2025 - December 31, 2025. | | |
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26-504HA
| 1 | 8.1 | Draft Minutes January 26, 2026. | HA- Minutes | Draft Minutes January 26, 2026. | | |
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26-002HA
| 1 | 11.1 | PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information. | HA- Agenda Item | PENDING DEVELOPMENT PIPELINE UPDATE - Provided for information. | | |
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26-604HA
| 1 | 13.1 | REPORT - APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY REGULATORY AGREEMENT AND LOANS FOR CYPRESS RIDGE APARTMENTS - 1815 MEDA AVENU | HA- Report | REPORT - APPROVAL OF TRANSFER OF OWNERSHIP AND ASSUMPTION OF HOUSING AUTHORITY REGULATORY AGREEMENT AND LOANS FOR CYPRESS RIDGE APARTMENTS - 1815 MEDA AVENUE
BACKGROUND: Burbank Housing Development Corporation (BHDC) is selling 1815 Meda Avenue, known as Cypress Ridge Apartments (Project), currently owned by Meda Cypress Ridge, L.P., and has entered into a purchase agreement with Post Cypress Ridge, L.P., an affiliate of Post Investment Group. The Project is a 122-unit apartment community affordable to households at 30%, 50%, and 60% of area median income (AMI), with two (2) unrestricted manager’s units. The Housing Authority has loans on the property, in the principal amount of $1,881,729, maturing on October 27, 2049, and a Regulatory Agreement securing affordability through December 10, 2059. As part of this transaction, Post Investment Group is seeking the Housing Authority’s approval to assume the loans and Regulatory Agreement; extend the maturity date of the loans to December 10, 2059 to align with the terms of the Regulatory Agreement; and subordinate to a first mortgage, | | |
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26-605HA
| 1 | 13.2 | HUD-VETERANS AFFAIRS SUPPORTIVE HOUSING (VASH) PROGRAM - UPDATE TO HUD-VASH OPERATING REQUIREMENTS | HA- Report | HUD-VETERANS AFFAIRS SUPPORTIVE HOUSING (VASH) PROGRAM - OVERVIEW OF HUD-VASH OPERATING REQUIREMENTS
It is recommended by the Housing and Community Services Department that the Housing Authority receive information regarding the Department of Housing and Urban Development Veterans Affairs Supportive Housing Program (HUD-VASH) and an overview of the operating requirements. This item is for information only and no action will be taken. | | |
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