Fresno Housing Joint Board Meetings of the Commissioners Agenda Packet 2026-06-23
Additional HRFC Bridge Loan for La Joya Commons I
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Description
Fresno Housing approved an additional HRFC bridge loan of up to $1,505,000 to facilitate permanent loan conversion for La Joya Commons Phase I, bringing total HRFC support to $3,505,000. The short-term financing will be repaid from HCD Joe Serna and AHP funding once received.
Contract Details
Contract Amount
Up to $1,505,000 (total HRFC commitment up to $3,505,000)
Vendor
HOUSING RELINQUISHED FUND CORPORATION
Agency
Housing Authority of Fresno county, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Short-term bridge financing until receipt of HCD Joe Serna and AHP funds
Renewal Info
One-time bridge loan expected to be fully repaid upon receipt of state and AHP grant funds; no renewal terms noted.
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APPROVEDIssuing Agency
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Local Housing Authority
Fresno, CA
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