Town of Paradise Agenda 2026-06-09
North Valley Housing Trust Administers PLHA Funds
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Description
The Town of Paradise is channeling $540,905 in PLHA funds through North Valley Housing Trust to finance local affordable housing developments. The trust is administering loans for the Cape Cod multifamily project and multiple single‑family homes serving low‑income and disaster‑affected residents.
Contract Details
Contract Amount
$540,905 total PLHA allocation; includes $200,000 PLHA share of $400,000 predevelopment loan, $75,000 loan, and $112,000 commitment
Vendor
NORTH VALLEY HOUSING TRUST
Agency
Town of Paradise, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
PLHA operates on a 5‑year funding cycle; next NOFA expected Q2 2026
Renewal Info
PLHA funding is provided on a 5‑year cycle; the next program NOFA is expected in the second quarter of 2026, after which additional allocations and agreements may be executed.
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