County of Fresno Board of Supervisors Action Summary - Final March 2026
HOME Loan Approved for Selma Senior Housing Project
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Description
Supervisors approved a HUD HOME loan agreement of up to $2 million with Selma Elderly L.P. to preserve and rehabilitate 11 senior rental units at Selma Heritage, with an estimated 16- to 58-year term. The action authorizes execution of all necessary loan and regulatory documents once funding is secured.
Contract Details
Contract Amount
Up to $2,000,000
Vendor
SELMA ELDERLY LP
Agency
Fresno County, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
Estimated term of 16 to 58 years, with affordability and loan periods of 15 to 55 years
Renewal Info
HOME loan with affordability and loan periods between 15 and 55 years and an estimated overall term of 16 to 58 years; may later convert to a grant under agreed terms.
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