Fresno Housing Joint Board Meetings of the Commissioners Agenda Packet 2026-06-23
HRFC Predevelopment Funds Increased for La Joya Commons II
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Description
The Housing Authorities of the City and County of Fresno approved increasing HRFC predevelopment funding for La Joya Commons II to up to $2,000,000 to support design, environmental review, and closing readiness. The expanded loan will be repaid from project development sources tied to a 9% tax credit award.
Contract Details
Contract Amount
Up to $2,000,000 (predevelopment funding)
Vendor
HOUSING RELINQUISHED FUND CORPORATION
Agency
Housing Authority of Fresno county, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Predevelopment period through financial closing
Renewal Info
Increase of an existing predevelopment loan authorization to a new cap of $2,000,000; no renewal or extension schedule provided.
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APPROVEDIssuing Agency
Housing Authority of Fresno county
Local Housing Authority
Fresno, CA
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