City of Burbank Joint City Council Meeting Agenda 2026-05-19
Housing Authority Loans and Vouchers for Fairview Project
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Description
The Burbank Housing Authority is considering rolling over a $1,664,040 loan and extending a new $5,772,883 loan to the Burbank Housing Corporation for The Village at Fairview project, including an award of project-based Section 8 vouchers. This action would deepen financial and rental subsidy support for the development.
Contract Details
Contract Amount
Roll-over of existing Housing Authority loan of $1,664,040 and new loan of $5,772,883
Vendor
BURBANK HOUSING CORPORATION
Agency
City of Burbank, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Renewal Info
Commitment letter renews an existing Housing Authority loan and adds a new loan plus project-based Section 8 vouchers; term details are not specified in the agenda.
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